Staffing 360 Solutions, Inc. (NASDAQ:STAF) Short Interest Up 279.8% in February

Staffing 360 Solutions, Inc. (NASDAQ:STAF) was the target of a large increase in short interest in February. As of February 29th, there was short interest totalling 139,400 shares, an increase of 279.8% from the February 14th total of 36,700 shares. Approximately 2.2% of the company’s stock are sold short. Based on an average trading volume of 78,100 shares, the short-interest ratio is currently 1.8 days.

Staffing 360 Solutions Stock Down 3.2 %

STAF traded down $0.01 during mid-day trading on Thursday, reaching $0.31. 39,745 shares of the stock were exchanged, compared to its average volume of 95,332. Staffing 360 Solutions has a 1 year low of $0.28 and a 1 year high of $1.68. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.59 and a current ratio of 0.59. The stock has a market capitalization of $2.43 million, a PE ratio of -0.04 and a beta of 0.55. The company has a 50 day moving average price of $0.34 and a two-hundred day moving average price of $0.49.

Staffing 360 Solutions (NASDAQ:STAF) last released its quarterly earnings results on Tuesday, January 9th. The business services provider reported ($0.98) earnings per share for the quarter. Staffing 360 Solutions had a negative return on equity of 153.21% and a negative net margin of 9.06%. The firm had revenue of $63.47 million for the quarter. As a group, research analysts anticipate that Staffing 360 Solutions will post -2.51 EPS for the current year.

Hedge Funds Weigh In On Staffing 360 Solutions

A hedge fund recently bought a new stake in Staffing 360 Solutions stock. Vanguard Group Inc. acquired a new position in Staffing 360 Solutions, Inc. (NASDAQ:STAF) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 34,846 shares of the business services provider’s stock, valued at approximately $107,000. Vanguard Group Inc. owned about 1.43% of Staffing 360 Solutions at the end of the most recent quarter. 13.07% of the stock is currently owned by institutional investors.

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.