Hudson Technologies, Inc. (NASDAQ:HDSN) Short Interest Update

Hudson Technologies, Inc. (NASDAQ:HDSN) was the target of a significant decline in short interest in the month of December. As of December 15th, there was short interest totalling 534,700 shares, a decline of 16.3% from the November 30th total of 638,800 shares. Currently, 1.4% of the shares of the stock are sold short. Based on an average trading volume of 649,400 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Trading of Hudson Technologies

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp lifted its holdings in Hudson Technologies by 9.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 184,712 shares of the industrial products company’s stock worth $1,624,000 after buying an additional 15,392 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Hudson Technologies by 10.3% during the second quarter. Principal Financial Group Inc. now owns 28,736 shares of the industrial products company’s stock valued at $253,000 after acquiring an additional 2,673 shares during the period. Commonwealth Equity Services LLC bought a new position in Hudson Technologies in the second quarter valued at about $687,000. Rhumbline Advisers increased its position in Hudson Technologies by 2.6% in the second quarter. Rhumbline Advisers now owns 70,982 shares of the industrial products company’s stock worth $624,000 after purchasing an additional 1,770 shares during the period. Finally, Foundry Partners LLC raised its holdings in Hudson Technologies by 39.3% during the 2nd quarter. Foundry Partners LLC now owns 941,923 shares of the industrial products company’s stock worth $8,280,000 after purchasing an additional 265,825 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Wall Street Analyst Weigh In

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

Hudson Technologies Stock Performance

Hudson Technologies stock traded down $0.01 on Friday, reaching $5.40. The company’s stock had a trading volume of 302,149 shares, compared to its average volume of 512,167. Hudson Technologies has a twelve month low of $5.17 and a twelve month high of $15.24. The company has a market cap of $244.07 million, a price-to-earnings ratio of 8.31, a PEG ratio of 0.36 and a beta of 1.13. The business’s fifty day moving average price is $6.24 and its 200 day moving average price is $7.58.

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, topping analysts’ consensus estimates of $0.16 by $0.01. Hudson Technologies had a net margin of 12.49% and a return on equity of 12.74%. The firm had revenue of $61.94 million for the quarter, compared to analyst estimates of $64.92 million. During the same quarter in the prior year, the firm earned $0.34 EPS. As a group, equities analysts forecast that Hudson Technologies will post 0.55 earnings per share for the current year.

Hudson Technologies Company Profile

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.