Staffing 360 Solutions, Inc. (NASDAQ:STAF) Short Interest Up 156.6% in July

Staffing 360 Solutions, Inc. (NASDAQ:STAF) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totalling 69,800 shares, an increase of 156.6% from the June 30th total of 27,200 shares. Approximately 10.3% of the company’s shares are short sold. Based on an average daily volume of 86,800 shares, the days-to-cover ratio is presently 0.8 days.

Staffing 360 Solutions Price Performance

NASDAQ STAF traded down $0.02 during trading on Friday, reaching $2.16. 65,913 shares of the company’s stock traded hands, compared to its average volume of 44,707. The company’s 50 day simple moving average is $2.78 and its two-hundred day simple moving average is $3.02. Staffing 360 Solutions has a 12-month low of $1.81 and a 12-month high of $9.90. The firm has a market cap of $1.97 million, a price-to-earnings ratio of -0.02 and a beta of 0.55.

Staffing 360 Solutions (NASDAQ:STAF) last issued its quarterly earnings results on Friday, July 12th. The business services provider reported ($5.69) earnings per share for the quarter. Staffing 360 Solutions had a negative return on equity of 551.45% and a negative net margin of 13.94%. The business had revenue of $41.44 million for the quarter. Research analysts expect that Staffing 360 Solutions will post -3.07 earnings per share for the current fiscal year.

About Staffing 360 Solutions

Staffing 360 Solutions, Inc, a staffing company, engages in the acquisition of staffing companies in the United States and the United Kingdom. It provides temporary contractors, and permanent placement services. The company focuses primarily on the staffing companies supporting accounting and finance, information technology, engineering, administration, and commercial disciplines.