Hudson Technologies, Inc. (NASDAQ:HDSN) Short Interest Down 34.3% in November

Hudson Technologies, Inc. (NASDAQ:HDSN) was the target of a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 481,900 shares, a decrease of 34.3% from the October 31st total of 733,300 shares. Approximately 1.2% of the shares of the stock are sold short. Based on an average trading volume of 582,900 shares, the days-to-cover ratio is presently 0.8 days.

Hudson Technologies Trading Up 0.2 %

Shares of NASDAQ:HDSN opened at $5.88 on Friday. Hudson Technologies has a 12-month low of $5.35 and a 12-month high of $15.24. The stock’s 50-day moving average price is $7.27 and its 200-day moving average price is $8.15. The stock has a market capitalization of $265.78 million, a P/E ratio of 9.05, a price-to-earnings-growth ratio of 0.34 and a beta of 1.22.

Hudson Technologies (NASDAQ:HDSN) last announced its quarterly earnings results 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. The business had revenue of $61.94 million for the quarter, compared to analysts’ expectations of $64.92 million. Hudson Technologies had a return on equity of 12.74% and a net margin of 12.49%. During the same period in the previous year, the firm earned $0.34 EPS. As a group, research analysts predict that Hudson Technologies will post 0.57 EPS for the current year.

Institutional Investors Weigh In On Hudson Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Koss Olinger Consulting LLC raised its stake in shares of Hudson Technologies by 3.6% during the third quarter. Koss Olinger Consulting LLC now owns 44,003 shares of the industrial products company’s stock valued at $367,000 after acquiring an additional 1,513 shares during the last quarter. Rhumbline Advisers raised its position in Hudson Technologies by 2.6% during the 2nd quarter. Rhumbline Advisers now owns 70,982 shares of the industrial products company’s stock valued at $624,000 after purchasing an additional 1,770 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in Hudson Technologies by 20.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 13,700 shares of the industrial products company’s stock worth $120,000 after buying an additional 2,300 shares during the period. ClariVest Asset Management LLC grew its position in shares of Hudson Technologies by 2.8% in the 2nd quarter. ClariVest Asset Management LLC now owns 93,584 shares of the industrial products company’s stock worth $823,000 after buying an additional 2,555 shares during the last quarter. Finally, Principal Financial Group Inc. increased 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 buying an additional 2,673 shares during the period. 71.34% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on HDSN. Roth Mkm lowered Hudson Technologies from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $12.00 to $7.00 in a report on Tuesday, November 5th. Roth Capital lowered shares of Hudson Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 5th. Canaccord Genuity Group dropped their price objective on shares of Hudson Technologies from $8.75 to $8.00 and set a “hold” rating for the company in a report on Tuesday, November 5th. B. Riley reissued a “neutral” rating and issued a $7.25 target price (down previously from $8.50) on shares of Hudson Technologies in a research note on Tuesday, November 5th. Finally, Craig Hallum lowered Hudson Technologies from a “buy” rating to a “hold” rating and dropped their price target for the stock from $10.00 to $7.00 in a research note on Tuesday, November 5th. Six investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Hudson Technologies currently has a consensus rating of “Hold” and a consensus price target of $7.85.

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.