Quest Resource Holding Corp (NASDAQ:QRHC) was the recipient of a significant growth in short interest during the month of November. As of November 29th, there was short interest totalling 3,600 shares, a growth of 20.0% from the November 14th total of 3,000 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 31,300 shares, the days-to-cover ratio is currently 0.1 days.
Quest Resource stock traded down $0.01 during mid-day trading on Thursday, hitting $2.46. 507 shares of the company’s stock were exchanged, compared to its average volume of 12,359. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.07. The stock has a market cap of $38.07 million, a P/E ratio of -20.50 and a beta of 1.34. Quest Resource has a 1-year low of $1.26 and a 1-year high of $3.10. The stock has a 50 day moving average of $2.39 and a two-hundred day moving average of $2.49.
Separately, ValuEngine raised shares of Quest Resource from a “sell” rating to a “hold” rating in a research report on Tuesday, December 3rd.
Institutional investors have recently bought and sold shares of the business. Wynnefield Capital Inc. increased its position in Quest Resource by 38.9% during the second quarter. Wynnefield Capital Inc. now owns 1,615,718 shares of the business services provider’s stock worth $4,475,000 after buying an additional 452,123 shares during the last quarter. Connors Investor Services Inc. bought a new stake in Quest Resource during the second quarter valued at about $346,000. River & Mercantile Asset Management LLP bought a new stake in Quest Resource during the second quarter valued at about $688,000. Vanguard Group Inc. bought a new stake in Quest Resource during the second quarter valued at about $38,000. Finally, First Wilshire Securities Management Inc. bought a new stake in Quest Resource during the second quarter valued at about $554,000. 31.27% of the stock is currently owned by hedge funds and other institutional investors.
About Quest Resource
Quest Resource Holding Corporation, through its subsidiaries, provides solutions for the reuse, recycle, and dispose various waste streams and recyclables in the United States. The company offers recycling and waste management services for motor oil, oil filters, scrap tires, grease and cooking oil, food waste, and expired food products; and various other materials, such as glass, cardboard, paper, and metal, as well as hazardous materials, plastics, construction debris, batteries, mercury, lights, regulated waste, electronic devices, and industrial cleaning products.
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