Staffing 360 Solutions, Inc. (NASDAQ:STAF) Sees Large Growth in Short Interest

Staffing 360 Solutions, Inc. (NASDAQ:STAF) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 79,200 shares, an increase of 15.6% from the August 15th total of 68,500 shares. Based on an average daily trading volume, of 1,350,000 shares, the short-interest ratio is currently 0.1 days. Currently, 12.3% of the company’s shares are short sold.

Staffing 360 Solutions Stock Up 11.4 %

STAF stock traded up $0.16 during mid-day trading on Friday, hitting $1.56. 132,107 shares of the company were exchanged, compared to its average volume of 4,048,213. Staffing 360 Solutions has a 12-month low of $1.08 and a 12-month high of $7.60. The firm has a market capitalization of $1.42 million, a P/E ratio of -0.02 and a beta of 0.56. The business has a fifty day simple moving average of $1.96 and a 200-day simple moving average of $2.63.

Staffing 360 Solutions (NASDAQ:STAF) last posted its quarterly earnings data on Monday, August 12th. The business services provider reported ($3.55) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.92) by ($2.63). The company had revenue of $44.18 million for the quarter, compared to analysts’ expectations of $45.81 million. Staffing 360 Solutions had a negative return on equity of 551.43% and a negative net margin of 13.78%. Research analysts predict that Staffing 360 Solutions will post -5.87 EPS for the current year.

Staffing 360 Solutions Company Profile

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.