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

Staffing 360 Solutions, Inc. (NASDAQ:STAFGet Free Report) was the recipient of a significant drop in short interest in March. As of March 15th, there was short interest totalling 73,200 shares, a drop of 47.5% from the February 29th total of 139,400 shares. Based on an average daily volume of 83,900 shares, the short-interest ratio is currently 0.9 days. Approximately 1.2% of the shares of the company are short sold.

Institutional Investors Weigh In On Staffing 360 Solutions

A hedge fund recently bought a new stake in Staffing 360 Solutions stock. Vanguard Group Inc. acquired a new stake in Staffing 360 Solutions, Inc. (NASDAQ:STAFFree Report) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 34,846 shares of the business services provider’s stock, valued at approximately $107,000. Vanguard Group Inc. owned about 1.43% of Staffing 360 Solutions as of its most recent filing with the Securities & Exchange Commission. 15.19% of the stock is currently owned by institutional investors and hedge funds.

Staffing 360 Solutions Stock Performance

Shares of Staffing 360 Solutions stock traded down $0.01 during trading hours on Thursday, reaching $0.30. The company had a trading volume of 10,822 shares, compared to its average volume of 88,720. Staffing 360 Solutions has a one year low of $0.27 and a one year high of $1.53. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.59 and a quick ratio of 0.59. The business has a fifty day simple moving average of $0.32 and a 200 day simple moving average of $0.46.

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

Staffing 360 Solutions Company Profile

(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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