Short Interest in Staffing 360 Solutions, Inc. (NASDAQ:STAF) Rises By 5,362.5%

Staffing 360 Solutions, Inc. (NASDAQ:STAF) was the recipient of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 43,700 shares, an increase of 5,362.5% from the October 15th total of 800 shares. Based on an average daily volume of 3,070,000 shares, the days-to-cover ratio is presently 0.0 days. Approximately 6.8% of the shares of the stock are short sold.

Staffing 360 Solutions Price Performance

Shares of STAF stock traded down $0.11 during trading hours on Tuesday, hitting $2.62. 78,749 shares of the company’s stock were exchanged, compared to its average volume of 944,324. Staffing 360 Solutions has a 52 week low of $1.08 and a 52 week high of $5.69. The stock’s 50-day moving average is $1.75 and its 200-day moving average is $2.24.

Staffing 360 Solutions (NASDAQ:STAF) last posted its quarterly earnings data on Monday, August 12th. The business services provider reported ($3.55) earnings per share for the quarter, missing the consensus estimate of ($0.92) by ($2.63). The business had revenue of $44.18 million for the quarter, compared to analysts’ expectations of $45.81 million. Equities research analysts expect that Staffing 360 Solutions will post -5.87 EPS for the current fiscal year.

About Staffing 360 Solutions

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.