Randstad (OTCMKTS:RANJY) Sees Large Decline in Short Interest

Randstad (OTCMKTS:RANJY) was the target of a significant decline in short interest in the month of September. As of September 15th, there was short interest totalling 1,900 shares, a decline of 29.6% from the August 31st total of 2,700 shares. Based on an average daily trading volume, of 23,100 shares, the short-interest ratio is presently 0.1 days.

Randstad Stock Performance

Shares of RANJY traded up $0.26 during trading hours on Friday, reaching $24.69. 3,019 shares of the company traded hands, compared to its average volume of 8,553. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.25. The business has a fifty day moving average price of $23.71 and a 200-day moving average price of $24.91. Randstad has a 12-month low of $22.27 and a 12-month high of $31.82. The stock has a market capitalization of $8.93 billion, a P/E ratio of 14.87 and a beta of 1.25.

Randstad (OTCMKTS:RANJY) last issued its earnings results on Tuesday, July 23rd. The business services provider reported $0.36 EPS for the quarter. Randstad had a return on equity of 15.03% and a net margin of 2.03%. The firm had revenue of $6.55 billion for the quarter. Equities analysts anticipate that Randstad will post 1.74 EPS for the current fiscal year.

Randstad Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, October 16th. Investors of record on Friday, September 27th will be issued a dividend of $0.5292 per share. The ex-dividend date is Thursday, September 26th. Randstad’s dividend payout ratio (DPR) is presently 60.24%.

About Randstad

Randstad N.V. provides solutions in the field of work and human resources (HR) services. The company provides temporary staffing and permanent placement services; job posting; and résumé services on digital platforms. It offers inhouse, enterprise and digital, and tech suite services. In addition, the company provides managed services programs, recruitment process outsourcing, outplacement and career development, and online talent acquisition.