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

by · The Cerbat Gem

Staffing 360 Solutions, Inc. (NASDAQ:STAF – Get Free Report) was the target of a significant increase in short interest in 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. Currently, 6.8% of the company’s stock are short sold. Based on an average trading volume of 3,070,000 shares, the days-to-cover ratio is currently 0.0 days.

Staffing 360 Solutions Stock Down 6.3 %

STAF stock traded down $0.16 during trading on Thursday, reaching $2.38. 33,225 shares of the stock were exchanged, compared to its average volume of 937,150. The firm’s 50 day moving average is $1.77 and its 200 day moving average is $2.24. Staffing 360 Solutions has a twelve month low of $1.08 and a twelve month high of $5.69.

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

About Staffing 360 Solutions

(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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