HC2 Holdings Inc (HCHC) Short Interest Down 46.9% in January

HC2 Holdings Inc (NYSE:HCHC) was the recipient of a significant decrease in short interest in January. As of January 31st, there was short interest totalling 548,196 shares, a decrease of 46.9% from the January 12th total of 1,032,403 shares. Based on an average daily trading volume, of 134,293 shares, the short-interest ratio is presently 4.1 days. Currently, 1.4% of the shares of the company are sold short.

HC2 (NYSE HCHC) opened at $5.14 on Thursday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 6.06. The stock has a market cap of $221.30, a price-to-earnings ratio of -2.00 and a beta of 0.67. HC2 has a twelve month low of $4.30 and a twelve month high of $6.71.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. New York State Common Retirement Fund lifted its holdings in HC2 by 5.6% during the second quarter. New York State Common Retirement Fund now owns 26,200 shares of the technology company’s stock valued at $154,000 after purchasing an additional 1,399 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in HC2 by 11.2% during the second quarter. Goldman Sachs Group Inc. now owns 32,490 shares of the technology company’s stock valued at $191,000 after purchasing an additional 3,273 shares in the last quarter. Voya Investment Management LLC lifted its holdings in HC2 by 29.2% during the second quarter. Voya Investment Management LLC now owns 20,115 shares of the technology company’s stock valued at $118,000 after purchasing an additional 4,546 shares in the last quarter. California State Teachers Retirement System lifted its holdings in HC2 by 7.4% during the second quarter. California State Teachers Retirement System now owns 72,211 shares of the technology company’s stock valued at $425,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in HC2 by 20.2% during the second quarter. Wells Fargo & Company MN now owns 39,375 shares of the technology company’s stock valued at $232,000 after purchasing an additional 6,623 shares in the last quarter. 59.79% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages recently issued reports on HCHC. Zacks Investment Research downgraded shares of HC2 from a “hold” rating to a “sell” rating in a report on Wednesday. B. Riley reissued a “buy” rating and set a $11.50 price target on shares of HC2 in a report on Monday, November 20th.

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HC2 Company Profile

HC2 Holdings, Inc engages in construction, marine services, insurance, telecommunications, energy, life sciences, and other businesses in the United States, the United Kingdom, and internationally. The company fabricates and erects structural steel for commercial and industrial construction projects, such as buildings and office complexes, hotels and casinos, convention centers, sports arenas and stadiums, shopping malls, hospitals, dams, bridges, mines, and power plants.

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