Hudson Technologies, Inc. (NASDAQ:HDSN – Get Free Report) saw a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 882,400 shares, a decline of 5.9% from the October 15th total of 937,500 shares. Based on an average trading volume of 459,500 shares, the short-interest ratio is currently 1.9 days. Approximately 2.3% of the company’s shares are short sold.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on HDSN. Canaccord Genuity Group started coverage on Hudson Technologies in a report on Monday, September 25th. They set a “buy” rating and a $15.00 price target on the stock. StockNews.com started coverage on Hudson Technologies in a report on Thursday, October 5th. They issued a “hold” rating for the company. Finally, Canaccord Genuity Group started coverage on Hudson Technologies in a report on Monday, September 25th. They issued a “buy” rating and a $15.00 price objective for the company.
Institutional Inflows and Outflows
Hudson Technologies Stock Performance
Shares of NASDAQ:HDSN opened at $12.86 on Friday. Hudson Technologies has a 52-week low of $7.21 and a 52-week high of $14.14. The firm has a market capitalization of $585.13 million, a P/E ratio of 11.28, a P/E/G ratio of 0.38 and a beta of 1.22. The stock has a 50 day moving average price of $12.83 and a 200-day moving average price of $10.78.
Hudson Technologies Company Profile
Hudson Technologies, Inc a refrigerant services company, provides solutions to recurring problems within the refrigeration industry in the United States. The company's products and services include refrigerant and industrial gas sales; refrigerant management services consisting primarily of reclamation of refrigerants, re-usable cylinder refurbishment, and hydrostatic testing services; and RefrigerantSide services comprising system decontamination to remove moisture, oils, and other contaminants.
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