Staffing 360 Solutions, Inc. (NASDAQ:STAF) Sees Large Increase in Short Interest

Staffing 360 Solutions, Inc. (NASDAQ:STAFGet Free Report) was the target of a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 36,700 shares, an increase of 42.2% from the January 31st total of 25,800 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average daily volume of 70,200 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of Staffing 360 Solutions

A hedge fund recently bought a new stake in Staffing 360 Solutions stock. Vanguard Group Inc. bought a new stake in Staffing 360 Solutions, Inc. (NASDAQ:STAFFree Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 34,846 shares of the business services provider’s stock, valued at approximately $107,000. Vanguard Group Inc. owned approximately 1.43% of Staffing 360 Solutions as of its most recent SEC filing. Institutional investors and hedge funds own 13.07% of the company’s stock.

Staffing 360 Solutions Price Performance

Shares of NASDAQ STAF remained flat at $0.35 during midday trading on Friday. 106,526 shares of the stock traded hands, compared to its average volume of 190,966. The company’s 50-day moving average price is $0.35 and its two-hundred day moving average price is $0.52. The stock has a market capitalization of $2.73 million, a price-to-earnings ratio of -0.04 and a beta of 0.55. Staffing 360 Solutions has a twelve month low of $0.28 and a twelve month high of $2.08. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.59 and a quick ratio of 0.59.

Staffing 360 Solutions (NASDAQ:STAFGet Free Report) last issued its earnings results on Tuesday, January 9th. The business services provider reported ($0.98) earnings per share for the quarter. The firm had revenue of $63.47 million during the quarter. Staffing 360 Solutions had a negative net margin of 9.06% and a negative return on equity of 153.21%. Analysts anticipate that Staffing 360 Solutions will post -2.51 EPS for the current fiscal year.

About Staffing 360 Solutions

(Get Free Report)

Staffing 360 Solutions, Inc, a staffing company, engages in the acquisition of staffing companies in the United States and the United Kingdom. It provides temporary contractors, and permanent placement services. The company focuses primarily on the staffing companies supporting accounting and finance, information technology, engineering, administration, and commercial disciplines.

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