Staffing 360 Solutions, Inc. (NASDAQ:STAF) Short Interest Up 279.8% in February

Staffing 360 Solutions, Inc. (NASDAQ:STAFGet Free Report) was the target of a large growth in short interest in the month of February. As of February 29th, there was short interest totalling 139,400 shares, a growth of 279.8% from the February 14th total of 36,700 shares. Based on an average daily trading volume, of 78,100 shares, the days-to-cover ratio is presently 1.8 days. Currently, 2.2% of the company’s stock are short sold.

Staffing 360 Solutions Stock Down 3.2 %

NASDAQ:STAF traded down $0.01 during trading hours on Thursday, hitting $0.31. The company’s stock had a trading volume of 39,745 shares, compared to its average volume of 95,332. Staffing 360 Solutions has a 52-week low of $0.28 and a 52-week high of $1.68. The stock has a market capitalization of $2.43 million, a P/E ratio of -0.04 and a beta of 0.55. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.14. The stock has a fifty day moving average of $0.34 and a 200-day moving average of $0.49.

Staffing 360 Solutions (NASDAQ:STAFGet Free Report) last posted its quarterly earnings data on Tuesday, January 9th. The business services provider reported ($0.98) 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. On average, equities analysts forecast that Staffing 360 Solutions will post -2.51 earnings per share for the current year.

Hedge Funds Weigh In On Staffing 360 Solutions

An institutional investor recently bought a new position in Staffing 360 Solutions stock. Armistice Capital LLC bought a new stake in Staffing 360 Solutions, Inc. (NASDAQ:STAFFree Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 358,830 shares of the business services provider’s stock, valued at approximately $244,000. Armistice Capital LLC owned 6.41% of Staffing 360 Solutions at the end of the most recent quarter. 13.07% of the stock is owned by hedge funds and other institutional investors.

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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