Short Interest in Hudson Technologies, Inc. (NASDAQ:HDSN) Decreases By 9.0%

Hudson Technologies, Inc. (NASDAQ:HDSN) saw a significant decrease in short interest during the month of October. As of October 15th, there was short interest totalling 806,000 shares, a decrease of 9.0% from the September 30th total of 886,000 shares. Approximately 2.0% of the shares of the stock are sold short. Based on an average daily volume of 405,600 shares, the short-interest ratio is presently 2.0 days.

Institutional Trading of Hudson Technologies

A number of hedge funds have recently added to or reduced their stakes in HDSN. nVerses Capital LLC purchased a new position in shares of Hudson Technologies during the 3rd quarter worth about $28,000. Point72 DIFC Ltd acquired a new position in Hudson Technologies during the second quarter worth approximately $55,000. Quest Partners LLC raised its stake in Hudson Technologies by 121.5% during the second quarter. Quest Partners LLC now owns 7,905 shares of the industrial products company’s stock worth $69,000 after purchasing an additional 4,336 shares during the period. Bleakley Financial Group LLC acquired a new position in shares of Hudson Technologies in the 3rd quarter valued at $96,000. Finally, Creative Planning purchased a new stake in shares of Hudson Technologies during the 3rd quarter valued at $106,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Hudson Technologies Stock Up 0.5 %

Shares of NASDAQ:HDSN traded up $0.04 during trading on Thursday, reaching $7.67. The stock had a trading volume of 395,989 shares, compared to its average volume of 455,219. The stock has a market cap of $349.15 million, a P/E ratio of 9.96, a PEG ratio of 0.46 and a beta of 1.20. The business has a fifty day moving average price of $8.02 and a 200-day moving average price of $8.68. Hudson Technologies has a fifty-two week low of $6.94 and a fifty-two week high of $15.24.

Hudson Technologies (NASDAQ:HDSN) last issued its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.05). Hudson Technologies had a net margin of 14.00% and a return on equity of 16.65%. The business had revenue of $75.28 million during the quarter, compared to analyst estimates of $78.63 million. During the same quarter last year, the firm posted $0.41 earnings per share. As a group, equities analysts forecast that Hudson Technologies will post 0.58 EPS for the current year.

Wall Street Analysts Forecast Growth

HDSN has been the subject of a number of research reports. Craig Hallum cut their target price on shares of Hudson Technologies from $13.00 to $10.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. B. Riley downgraded Hudson Technologies from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $10.00 to $8.50 in a research report on Wednesday. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $10.30.

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.