Hudson Ltd (NYSE:HUD) Sees Large Decline in Short Interest
Hudson Ltd (NYSE:HUD) saw a significant decline in short interest during the month of July. As of July 15th, there was short interest totalling 528,400 shares, a decline of 29.5% from the June 15th total of 749,400 shares. Based on an average daily volume of 223,600 shares, the short-interest ratio is currently 2.4 days. Currently, 1.3% of the shares of the stock are short sold.
HUD traded up $0.44 during trading hours on Friday, hitting $13.35. The company’s stock had a trading volume of 160,830 shares, compared to its average volume of 213,329. The firm has a 50-day moving average of $13.74. Hudson has a 12 month low of $12.67 and a 12 month high of $23.22. The firm has a market cap of $1.19 billion, a PE ratio of 16.08 and a beta of 0.76. The company has a current ratio of 1.05, a quick ratio of 0.63 and a debt-to-equity ratio of 2.19.
Hudson (NYSE:HUD) last announced its quarterly earnings results on Tuesday, May 14th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.02. The company had revenue of $445.00 million for the quarter, compared to analysts’ expectations of $437.08 million. Hudson had a net margin of 1.47% and a return on equity of 12.30%. Hudson’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.04 earnings per share. As a group, equities analysts predict that Hudson will post 0.69 earnings per share for the current year.
Several brokerages recently weighed in on HUD. Credit Suisse Group restated an “outperform” rating and issued a GBX 2,012 ($26.29) price target on shares of Aston Martin Lagonda Global in a research report on Wednesday, May 1st. Zacks Investment Research cut shares of HEXO from a “hold” rating to a “sell” rating in a research report on Wednesday, May 15th.
Hudson Company Profile
Hudson Ltd. operates as a travel retail company in the United States and Canada. It operates travel essentials and convenience stores, bookstores, duty-free stores, proprietary and branded specialty stores, electronics stores, themed stores, and quick-service food and beverage outlets under proprietary and third-party brands.
See Also: Earnings Reports
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