Hudson Technologies, Inc. (NASDAQ:HDSN) Short Interest Update

Hudson Technologies, Inc. (NASDAQ:HDSN) 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

Several institutional investors have recently made changes to their positions in the company. Sixth Street Partners Management Company L.P. raised its position in shares of Hudson Technologies by 53.1% in the 3rd quarter. Sixth Street Partners Management Company L.P. now owns 995,000 shares of the industrial products company’s stock worth $13,234,000 after acquiring an additional 345,000 shares in the last quarter. Wolverine Trading LLC raised its position in shares of Hudson Technologies by 1,747.1% in the 3rd quarter. Wolverine Trading LLC now owns 11,530 shares of the industrial products company’s stock worth $153,000 after acquiring an additional 12,230 shares in the last quarter. Royal Bank of Canada raised its position in shares of Hudson Technologies by 8,809.1% in the 3rd quarter. Royal Bank of Canada now owns 483,228 shares of the industrial products company’s stock worth $6,428,000 after acquiring an additional 477,804 shares in the last quarter. Sei Investments Co. bought a new position in shares of Hudson Technologies in the 3rd quarter worth approximately $431,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Hudson Technologies in the 3rd quarter worth approximately $867,000. Institutional investors own 63.95% of the company’s stock.

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.