Hudson Technologies, Inc. (NASDAQ:HDSN) Short Interest Up 28.0% in March

Hudson Technologies, Inc. (NASDAQ:HDSN) was the target of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 762,900 shares, an increase of 28.0% from the February 28th total of 595,900 shares. Approximately 2.0% of the shares of the company are sold short. Based on an average trading volume of 422,800 shares, the short-interest ratio is presently 1.8 days.

Hedge Funds Weigh In On Hudson Technologies

Institutional investors have recently added to or reduced their stakes in the business. FMR LLC lifted its holdings in shares of Hudson Technologies by 299.8% during the 3rd quarter. FMR LLC now owns 4,670 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 3,502 shares during the period. Quarry LP boosted its holdings in shares of Hudson Technologies by 901.1% in the 3rd quarter. Quarry LP now owns 4,675 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 4,208 shares during the last quarter. State of Wyoming acquired a new position in Hudson Technologies in the fourth quarter valued at $53,000. RPO LLC purchased a new stake in Hudson Technologies during the fourth quarter valued at about $62,000. Finally, ProShare Advisors LLC acquired a new stake in Hudson Technologies during the fourth quarter worth about $70,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Canaccord Genuity Group dropped their price objective on shares of Hudson Technologies from $8.00 to $6.25 and set a “hold” rating on the stock in a research note on Monday, March 10th. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $7.50.

Hudson Technologies Trading Up 2.0 %

Shares of NASDAQ HDSN traded up $0.12 during midday trading on Wednesday, reaching $6.16. 478,596 shares of the stock were exchanged, compared to its average volume of 505,237. The company has a market capitalization of $271.19 million, a P/E ratio of 9.48, a P/E/G ratio of 0.49 and a beta of 1.12. The stock has a 50 day moving average price of $5.87 and a 200-day moving average price of $6.37. Hudson Technologies has a 52-week low of $5.17 and a 52-week high of $11.49.

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.