Quest Resource Holding Corporation. (NASDAQ:QRHC) Short Interest Up 104.7% in May

by · The Cerbat Gem

Quest Resource Holding Corporation. (NASDAQ:QRHC – Get Free Report) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 106,121 shares, a growth of 104.7% from the April 30th total of 51,853 shares. Currently, 0.7% of the shares of the stock are short sold. Based on an average trading volume of 42,773 shares, the short-interest ratio is currently 2.5 days.

Quest Resource Stock Up 13.1%

Shares of QRHC traded up $0.15 during midday trading on Monday, reaching $1.33. 70,268 shares of the stock were exchanged, compared to its average volume of 49,173. Quest Resource has a 52 week low of $0.81 and a 52 week high of $2.41. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.64. The company’s 50 day moving average is $1.13 and its two-hundred day moving average is $1.62. The company has a market capitalization of $28.03 million, a P/E ratio of -3.92 and a beta of 0.23.

Quest Resource (NASDAQ:QRHC – Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The business services provider reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.06). The firm had revenue of $61.74 million for the quarter, compared to the consensus estimate of $62.21 million. Quest Resource had a negative return on equity of 12.30% and a negative net margin of 3.00%. On average, sell-side analysts anticipate that Quest Resource will post -0.22 earnings per share for the current year.

Wall Street Analyst Weigh In

QRHC has been the topic of several recent research reports. Zacks Research lowered Quest Resource from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 31st. Weiss Ratings lowered Quest Resource from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, May 21st. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Sell” and a consensus price target of $2.25.

Check Out Our Latest Research Report on QRHC

Institutional Investors Weigh In On Quest Resource

Hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC purchased a new stake in shares of Quest Resource during the 2nd quarter worth $125,000. Rothschild Wealth LLC purchased a new stake in Quest Resource in the fourth quarter valued at about $274,000. Veradace Capital Management LLC purchased a new stake in Quest Resource in the fourth quarter valued at about $2,336,000. Mink Brook Asset Management LLC purchased a new stake in Quest Resource in the second quarter valued at about $405,000. Finally, Goldman Sachs Group Inc. raised its stake in Quest Resource by 22.8% in the first quarter. Goldman Sachs Group Inc. now owns 51,990 shares of the business services provider’s stock valued at $135,000 after buying an additional 9,647 shares during the last quarter. 48.16% of the stock is currently owned by hedge funds and other institutional investors.

Quest Resource Company Profile

(Get Free Report)

Quest Resource Holding Corporation, together with its subsidiaries, provides solutions for the reuse, recycling, and disposal of various waste streams and recyclables in the United States. The company provides disposal and recycling services for motor oil and automotive lubricants, oil filters, scrap tires, oily water, goods destruction, food waste, meat renderings, cooking oil and grease trap waste, plastics, cardboard, metal, glass, mixed paper, construction debris, as well as a large variety of regulated and non-regulated solid, liquid, and gas wastes.

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