Resources Connection, Inc. (NASDAQ:RGP) Short Interest Update

Resources Connection, Inc. (NASDAQ:RGP) was the recipient of a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 840,100 shares, a decrease of 18.4% from the December 15th total of 1,030,000 shares. Based on an average trading volume of 353,300 shares, the short-interest ratio is currently 2.4 days. Currently, 2.6% of the company’s stock are sold short.

Resources Connection Stock Performance

RGP stock opened at $8.56 on Friday. Resources Connection has a fifty-two week low of $7.90 and a fifty-two week high of $14.29. The business’s 50 day moving average price is $8.50 and its two-hundred day moving average price is $9.32. The company has a market capitalization of $283.25 million, a price-to-earnings ratio of -4.60 and a beta of 0.66.

Institutional Trading of Resources Connection

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Atria Investments Inc grew its stake in shares of Resources Connection by 9.6% in the 3rd quarter. Atria Investments Inc now owns 17,723 shares of the company’s stock worth $172,000 after buying an additional 1,547 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Resources Connection by 13.8% in the 2nd quarter. Victory Capital Management Inc. now owns 13,623 shares of the company’s stock worth $150,000 after buying an additional 1,649 shares during the last quarter. Point72 DIFC Ltd grew its stake in shares of Resources Connection by 32.5% in the 3rd quarter. Point72 DIFC Ltd now owns 7,074 shares of the company’s stock worth $69,000 after buying an additional 1,735 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Resources Connection by 7.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 52,957 shares of the company’s stock worth $514,000 after buying an additional 3,665 shares during the last quarter. Finally, Arete Wealth Advisors LLC grew its stake in shares of Resources Connection by 32.8% in the 3rd quarter. Arete Wealth Advisors LLC now owns 17,877 shares of the company’s stock worth $173,000 after buying an additional 4,418 shares during the last quarter. Hedge funds and other institutional investors own 93.23% of the company’s stock.

Resources Connection Company Profile

Resources Connection, Inc provides consulting services to business customers under the Resources Global Professionals name in North America, Europe, and the Asia Pacific. The company offers services in the areas of transactions, including integration and divestitures, bankruptcy/restructuring, going public readiness and support, financial process optimization, and system implementation; and regulations, such as accounting regulations, internal audit and compliance, data privacy and security, healthcare compliance, and regulatory compliance.