HireRight Holdings Co. (NYSE:HRT) Sees Significant Increase in Short Interest

HireRight Holdings Co. (NYSE:HRT) saw a significant increase in short interest in May. As of May 31st, there was short interest totalling 344,600 shares, an increase of 13.9% from the May 15th total of 302,600 shares. Approximately 2.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 216,500 shares, the short-interest ratio is presently 1.6 days.

Analyst Ratings Changes

HRT has been the subject of several research reports. William Blair raised HireRight from a “market perform” rating to an “outperform” rating in a report on Wednesday, May 8th. StockNews.com started coverage on HireRight in a research note on Friday. They set a “hold” rating for the company. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, HireRight presently has an average rating of “Hold” and an average target price of $13.00.

HireRight Price Performance

NYSE:HRT traded down $0.01 during trading hours on Tuesday, reaching $14.34. 23,340 shares of the company traded hands, compared to its average volume of 361,280. The firm’s 50-day moving average is $14.31 and its 200-day moving average is $13.75. The stock has a market cap of $40.44 million, a P/E ratio of -57.36 and a beta of 0.17. HireRight has a 1-year low of $8.69 and a 1-year high of $14.39.

HireRight (NYSE:HRT) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.05. The company had revenue of $173.20 million for the quarter, compared to analyst estimates of $170.20 million.

Institutional Investors Weigh In On HireRight

Hedge funds and other institutional investors have recently modified their holdings of the company. New York State Common Retirement Fund grew its position in shares of HireRight by 328.5% in the fourth quarter. New York State Common Retirement Fund now owns 5,125 shares of the company’s stock valued at $69,000 after purchasing an additional 3,929 shares during the period. SG Americas Securities LLC acquired a new position in shares of HireRight during the 4th quarter valued at about $106,000. Virtu Financial LLC lifted its holdings in shares of HireRight by 20.5% during the 1st quarter. Virtu Financial LLC now owns 12,190 shares of the company’s stock worth $174,000 after acquiring an additional 2,072 shares during the period. Dark Forest Capital Management LP acquired a new stake in shares of HireRight in the third quarter worth approximately $118,000. Finally, FNY Investment Advisers LLC acquired a new position in HireRight during the fourth quarter worth approximately $174,000. 12.49% of the stock is currently owned by hedge funds and other institutional investors.

HireRight Company Profile

HireRight Holdings Corporation provides technology-driven workforce risk management and compliance solutions worldwide. It offers background screening, verification, identification, monitoring, and drug and health screening services for customers under the HireRight brand name. The company provides its services through software and data platform that integrates into its customers' human capital management systems enabling workflows for workforce hiring, onboarding, and monitoring.