Hudson Technologies, Inc. (NASDAQ:HDSN) Sees Significant Decrease in Short Interest

Hudson Technologies, Inc. (NASDAQ:HDSN) was the recipient of a significant decline in short interest in October. As of October 31st, there was short interest totalling 882,400 shares, a decline of 5.9% from the October 15th total of 937,500 shares. Based on an average daily trading volume, of 459,500 shares, the days-to-cover ratio is presently 1.9 days. Approximately 2.3% of the shares of the stock are short sold.

Hedge Funds Weigh In On Hudson Technologies

Several large investors have recently added to or reduced their stakes in the business. ArrowMark Colorado Holdings LLC boosted its position in shares of Hudson Technologies by 12.7% in the second quarter. ArrowMark Colorado Holdings LLC now owns 3,784,007 shares of the industrial products company’s stock worth $36,402,000 after acquiring an additional 425,393 shares during the last quarter. Cooper Creek Partners Management LLC raised its stake in Hudson Technologies by 28.9% during the first quarter. Cooper Creek Partners Management LLC now owns 3,085,140 shares of the industrial products company’s stock worth $26,933,000 after purchasing an additional 691,774 shares during the period. BlackRock Inc. boosted its holdings in shares of Hudson Technologies by 9.0% in the 2nd quarter. BlackRock Inc. now owns 2,901,876 shares of the industrial products company’s stock valued at $27,916,000 after purchasing an additional 240,406 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Hudson Technologies by 3.8% during 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 buying an additional 79,758 shares during the period. Finally, Royce & Associates LP increased its holdings in shares of Hudson Technologies by 5.2% during the 1st quarter. Royce & Associates LP now owns 1,960,172 shares of the industrial products company’s stock worth $17,112,000 after buying an additional 96,476 shares during the last quarter. 63.95% of the stock is currently owned by hedge funds and other institutional investors.

Hudson Technologies Stock Up 1.2 %

Shares of HDSN traded up $0.15 on Friday, hitting $12.86. 423,274 shares of the stock traded hands, compared to its average volume of 528,584. The firm has a market capitalization of $585.13 million, a P/E ratio of 11.15, a P/E/G ratio of 0.38 and a beta of 1.22. Hudson Technologies has a 1 year low of $7.21 and a 1 year high of $14.14. The stock’s 50 day moving average is $12.81 and its two-hundred day moving average is $10.73.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on HDSN. StockNews.com began coverage on shares of Hudson Technologies in a report on Thursday, October 5th. They issued a “hold” rating for the company. Canaccord Genuity Group initiated coverage on shares of Hudson Technologies in a research note on Monday, September 25th. They issued a “buy” rating and a $15.00 price objective on the stock. Finally, Canaccord Genuity Group began coverage on Hudson Technologies in a report on Monday, September 25th. They issued a “buy” rating and a $15.00 price target for the company.

Hudson Technologies Company Profile

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