Short Interest in Hudson Technologies, Inc. (NASDAQ:HDSN) Rises By 32.6%

Hudson Technologies, Inc. (NASDAQ:HDSN) was the target of a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 638,800 shares, a growth of 32.6% from the November 15th total of 481,900 shares. Approximately 1.6% of the shares of the stock are short sold. Based on an average trading volume of 615,000 shares, the short-interest ratio is currently 1.0 days.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on HDSN shares. Canaccord Genuity Group lowered their price objective on shares of Hudson Technologies from $8.75 to $8.00 and set a “hold” rating for the company in a report on Tuesday, November 5th. Roth Mkm cut shares of Hudson Technologies from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $12.00 to $7.00 in a research report on Tuesday, November 5th. Roth Capital lowered shares of Hudson Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Craig Hallum downgraded Hudson Technologies from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $10.00 to $7.00 in a report on Tuesday, November 5th. Finally, B. Riley reissued a “neutral” rating and issued a $7.25 target price (down previously from $8.50) on shares of Hudson Technologies in a research note on Tuesday, November 5th. Six equities research analysts have rated the stock with a hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $7.85.

Hudson Technologies Stock Performance

NASDAQ:HDSN traded down $0.13 during midday trading on Friday, reaching $5.62. 970,455 shares of the stock traded hands, compared to its average volume of 511,629. The stock has a market capitalization of $254.02 million, a P/E ratio of 8.65, a PEG ratio of 0.36 and a beta of 1.13. The company has a fifty day moving average of $6.74 and a 200 day moving average of $7.85. Hudson Technologies has a 12 month low of $5.35 and a 12 month high of $15.24.

Hudson Technologies (NASDAQ:HDSN) last issued its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.16 by $0.01. The firm had revenue of $61.94 million during the quarter, compared to the consensus estimate of $64.92 million. Hudson Technologies had a net margin of 12.49% and a return on equity of 12.74%. During the same period in the prior year, the firm posted $0.34 earnings per share. On average, analysts predict that Hudson Technologies will post 0.55 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Koss Olinger Consulting LLC grew its position in shares of Hudson Technologies by 3.6% in the 3rd quarter. Koss Olinger Consulting LLC now owns 44,003 shares of the industrial products company’s stock worth $367,000 after buying an additional 1,513 shares during the last quarter. Rhumbline Advisers boosted its holdings in Hudson Technologies by 2.6% in the second quarter. Rhumbline Advisers now owns 70,982 shares of the industrial products company’s stock valued at $624,000 after acquiring an additional 1,770 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in Hudson Technologies by 20.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 13,700 shares of the industrial products company’s stock valued at $120,000 after purchasing an additional 2,300 shares during the period. ClariVest Asset Management LLC raised its holdings in Hudson Technologies by 2.8% in the 2nd quarter. ClariVest Asset Management LLC now owns 93,584 shares of the industrial products company’s stock worth $823,000 after purchasing an additional 2,555 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of Hudson Technologies by 10.3% in the 2nd quarter. Principal Financial Group Inc. now owns 28,736 shares of the industrial products company’s stock worth $253,000 after purchasing an additional 2,673 shares during the period. Institutional investors own 71.34% of the company’s stock.

About Hudson Technologies

Hudson Technologies, Inc, through its subsidiary, Hudson Technologies Company, engages in the provision of solutions to recurring problems within the refrigeration industry in the United States. The company engages in the sale of refrigerant and industrial gas; provision of refrigerant management services consisting primarily of reclamation of refrigerants, re-usable cylinder refurbishment, and hydrostatic testing services; and RefrigerantSide services comprising system decontamination and recovery to remove moisture, oils, and other contaminants.