Volt Information Sciences, Inc. (NYSE:VISI) Short Interest Up 28.9% in July
Volt Information Sciences, Inc. (NYSE:VISI) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totalling 208,336 shares, a growth of 28.9% from the July 14th total of 161,674 shares. Based on an average trading volume of 30,887 shares, the short-interest ratio is presently 6.7 days. Approximately 1.6% of the company’s stock are sold short.
A number of hedge funds have recently made changes to their positions in the company. Royce & Associates LP raised its stake in shares of Volt Information Sciences by 7.1% in the second quarter. Royce & Associates LP now owns 75,000 shares of the company’s stock worth $296,000 after buying an additional 5,000 shares during the last quarter. ARS Investment Partners LLC raised its stake in shares of Volt Information Sciences by 2.2% in the second quarter. ARS Investment Partners LLC now owns 667,536 shares of the company’s stock worth $2,637,000 after buying an additional 14,556 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Volt Information Sciences by 115.7% in the second quarter. Bank of New York Mellon Corp now owns 39,075 shares of the company’s stock worth $154,000 after buying an additional 20,959 shares during the last quarter.
Volt Information Sciences (VISI) traded down 3.08% on Wednesday, hitting $3.15. 14,730 shares of the company were exchanged. The company’s market capitalization is $65.92 million. The stock has a 50 day moving average of $3.87 and a 200 day moving average of $6.02. Volt Information Sciences has a 52 week low of $3.10 and a 52 week high of $8.74.
Volt Information Sciences (NYSE:VISI) last announced its quarterly earnings results on Friday, June 9th. The company reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by $0.18. Volt Information Sciences had a negative return on equity of 7.50% and a negative net margin of 0.28%. The business had revenue of $303.01 million during the quarter, compared to analysts’ expectations of $310 million. Analysts predict that Volt Information Sciences will post ($0.49) EPS for the current fiscal year.
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Volt Information Sciences Company Profile
Volt Information Sciences, Inc is a provider of staffing services and information technology infrastructure services. The Company operates through North American Staffing; International Staffing; Technology Outsourcing Services and Solutions, and Corporate and Other segments. Its staffing services consist of workforce solutions, including providing contingent workers, personnel recruitment services and managed staffing services programs supporting light industrial, information technology and engineering positions.
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