Short Interest in Harsco Increases By 48.2% (HSC)
Shares of Harsco (NYSE:HSC) saw a large growth in short interest during the month of January. As of March 31st, there was short interest totalling 1,403,907 shares, a growth of 48.2% from the March 14th total of 947,589 shares, Analyst Ratings Network reports. Approximately 1.7% of the shares of the stock are sold short. Based on an average trading volume of 897,093 shares, the short-interest ratio is presently 1.6 days.
A number of analysts have recently weighed in on HSC shares. Analysts at Argus cut their price target on shares of Harsco from $30.00 to $28.00 in a research note on Friday, April 4th. They now have a “buy” rating on the stock. Separately, analysts at KeyCorp downgraded shares of Harsco from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. Finally, analysts at Zacks downgraded shares of Harsco from a “neutral” rating to an “underperform” rating in a research note on Wednesday, February 26th. They now have a $23.90 price target on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. Harsco has a consensus rating of “Hold” and a consensus price target of $26.78.
Shares of Harsco (NYSE:HSC) opened at 24.27 on Friday. Harsco has a 52-week low of $20.99 and a 52-week high of $28.99. The stock’s 50-day moving average is $22.88 and its 200-day moving average is $25.48. The company’s market cap is $1.958 billion.
Harsco (NYSE:HSC) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.05. The company had revenue of $681.00 million for the quarter, compared to the consensus estimate of $618.90 million. On average, analysts predict that Harsco will post $0.99 earnings per share for the current fiscal year.
Harsco Corporation is a diversified, multinational provider of industrial services and engineered products serving global industries.
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