Hudson Technologies, Inc. (NASDAQ:HDSN) Short Interest Down … – MarketBeat

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Hudson Technologies, Inc. (NASDAQ:HDSN – Get Rating) was the recipient of a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 984,700 shares, a decline of 9.7% from the November 15th total of 1,090,000 shares. Based on an average trading volume of 646,400 shares, the short-interest ratio is currently 1.5 days. Currently, 2.6% of the shares of the stock are sold short.

Analysts Set New Price Targets

HDSN has been the topic of a number of recent research reports. EF Hutton Acquisition Co. I boosted their price objective on Hudson Technologies from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Thursday, November 3rd. StockNews.com initiated coverage on Hudson Technologies in a research note on Wednesday, October 12th. They set a “hold” rating on the stock.

Insider Transactions at Hudson Technologies

In other news, VP Kenneth Gaglione sold 19,000 shares of Hudson Technologies stock in a transaction that occurred on Monday, December 12th. The stock was sold at an average price of $11.53, for a total value of $219,070.00. Following the sale, the vice president now directly owns 3,207 shares of the company’s stock, valued at $36,976.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Kenneth Gaglione sold 19,000 shares of Hudson Technologies stock in a transaction that occurred on Monday, December 12th. The stock was sold at an average price of $11.53, for a total value of $219,070.00. Following the sale, the vice president now directly owns 3,207 shares of the company’s stock, valued at $36,976.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Nat Krishnamurti sold 45,000 shares of Hudson Technologies stock in a transaction that occurred on Tuesday, November 8th. The stock was sold at an average price of $10.66, for a total value of $479,700.00. Following the completion of the sale, the chief financial officer now directly owns 71,401 shares in the company, valued at $761,134.66. The disclosure for this sale can be found here. Corporate insiders own 10.00% of the company’s stock.

Hedge Funds Weigh In On Hudson Technologies

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Hudson Technologies by 3.8% in the 3rd quarter. Vanguard Group Inc. now owns 2,192,727 shares of the industrial products company’s stock valued at $16,116,000 after purchasing an additional 79,758 shares during the last quarter. Royce & Associates LP lifted its stake in shares of Hudson Technologies by 18.6% in the 3rd quarter. Royce & Associates LP now owns 1,988,303 shares of the industrial products company’s stock valued at $14,614,000 after purchasing an additional 311,135 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Hudson Technologies by 382.1% in the 2nd quarter. Millennium Management LLC now owns 1,397,116 shares of the industrial products company’s stock valued at $10,492,000 after purchasing an additional 1,107,307 shares during the last quarter. 325 Capital LLC acquired a new position in shares of Hudson Technologies in the 1st quarter valued at $8,028,000. Finally, Renaissance Technologies LLC lifted its stake in shares of Hudson Technologies by 26.4% in the 2nd quarter. Renaissance Technologies LLC now owns 1,164,650 shares of the industrial products company’s stock valued at $8,747,000 after purchasing an additional 243,500 shares during the last quarter. Institutional investors and hedge funds own 70.55% of the company’s stock.

Hudson Technologies Stock Performance

Shares of Hudson Technologies stock opened at $10.09 on Monday. Hudson Technologies has a 52 week low of $3.11 and a 52 week high of $12.46. The business’s fifty day simple moving average is $9.95 and its 200-day simple moving average is $9.04. The firm has a market cap of $454.82 million, a PE ratio of 4.55, a price-to-earnings-growth ratio of 0.21 and a beta of 1.48. The company has a quick ratio of 1.23, a current ratio of 3.26 and a debt-to-equity ratio of 0.29.

About Hudson Technologies

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Hudson Technologies, Inc a refrigerant services company, provides solutions to recurring problems within the refrigeration industry primarily 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.

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