Quest Resource Holding Corporation. (NASDAQ:QRHC) Short Interest Update

Quest Resource Holding Corporation. (NASDAQ:QRHC) was the recipient of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 59,570 shares, a growth of 14.7% from the February 12th total of 51,933 shares. Based on an average trading volume of 16,946 shares, the short-interest ratio is currently 3.5 days. Currently, 0.4% of the shares of the company are sold short. Currently, 0.4% of the shares of the company are sold short. Based on an average trading volume of 16,946 shares, the short-interest ratio is currently 3.5 days.

Quest Resource Stock Down 5.3%

QRHC stock opened at $1.07 on Tuesday. The stock has a market capitalization of $22.33 million, a price-to-earnings ratio of -1.47 and a beta of 0.17. The company has a 50-day moving average of $1.89 and a two-hundred day moving average of $1.77. Quest Resource has a 52-week low of $1.06 and a 52-week high of $3.13. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.32 and a quick ratio of 1.32.

Quest Resource (NASDAQ:QRHC) last posted its quarterly earnings data on Thursday, March 12th. The business services provider reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.09). Quest Resource had a negative return on equity of 13.96% and a negative net margin of 6.15%.The business had revenue of $58.91 million for the quarter, compared to analyst estimates of $61.21 million. As a group, equities research analysts anticipate that Quest Resource will post 0.09 EPS for the current year.

Institutional Investors Weigh In On Quest Resource

Hedge funds have recently modified their holdings of the business. Bank of America Corp DE grew its stake in shares of Quest Resource by 36.5% in the fourth quarter. Bank of America Corp DE now owns 15,356 shares of the business services provider’s stock worth $100,000 after acquiring an additional 4,104 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Quest Resource by 22.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 51,990 shares of the business services provider’s stock valued at $135,000 after purchasing an additional 9,647 shares during the last quarter. Kennedy Capital Management LLC boosted its holdings in Quest Resource by 52.5% in the 2nd quarter. Kennedy Capital Management LLC now owns 311,289 shares of the business services provider’s stock valued at $629,000 after purchasing an additional 107,107 shares during the period. Qube Research & Technologies Ltd bought a new stake in Quest Resource in the 2nd quarter valued at $50,000. Finally, Jane Street Group LLC acquired a new stake in Quest Resource in the 2nd quarter worth $125,000. 48.16% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Quest Resource to a “hold” rating in a report on Saturday, January 10th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $2.25.

Quest Resource Company Profile

Quest Resource Holding Corporation, together with its subsidiaries, provides solutions for the reuse, recycling, and disposal of various waste streams and recyclables in the United States. The company provides disposal and recycling services for motor oil and automotive lubricants, oil filters, scrap tires, oily water, goods destruction, food waste, meat renderings, cooking oil and grease trap waste, plastics, cardboard, metal, glass, mixed paper, construction debris, as well as a large variety of regulated and non-regulated solid, liquid, and gas wastes.