HireRight Holdings Co. (NYSE:HRT) Short Interest Up 25.6% in April

HireRight Holdings Co. (NYSE:HRT) was the recipient of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 376,400 shares, a growth of 25.6% from the March 31st total of 299,600 shares. Approximately 2.3% of the shares of the company are short sold. Based on an average daily volume of 513,600 shares, the days-to-cover ratio is presently 0.7 days.

HireRight Stock Down 0.1 %

Shares of HireRight stock traded down $0.02 on Tuesday, reaching $14.30. The company’s stock had a trading volume of 86,267 shares, compared to its average volume of 456,347. The company has a market capitalization of $40.33 million, a P/E ratio of -57.20 and a beta of 0.17. HireRight has a 52-week low of $8.50 and a 52-week high of $14.38. The stock has a 50-day moving average price of $14.24 and a 200-day moving average price of $12.84.

HireRight (NYSE:HRT) last posted its quarterly earnings data on Tuesday, March 12th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. The business had revenue of $166.04 million during the quarter, compared to analysts’ expectations of $170.35 million.

Wall Street Analyst Weigh In

HRT has been the subject of a number of analyst reports. StockNews.com initiated coverage on HireRight in a report on Saturday. They issued a “hold” rating for the company. Needham & Company LLC reissued a “hold” rating on shares of HireRight in a report on Friday, February 16th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $12.50.

Institutional Trading of HireRight

A number of institutional investors and hedge funds have recently made changes to their positions in HRT. New York State Common Retirement Fund increased its position in shares of HireRight by 328.5% in the fourth quarter. New York State Common Retirement Fund now owns 5,125 shares of the company’s stock valued at $69,000 after buying an additional 3,929 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of HireRight during the fourth quarter worth approximately $106,000. Dark Forest Capital Management LP purchased a new stake in shares of HireRight during the third quarter worth approximately $118,000. Keybank National Association OH purchased a new stake in shares of HireRight during the third quarter worth approximately $121,000. Finally, FNY Investment Advisers LLC purchased a new stake in shares of HireRight during the fourth quarter worth approximately $174,000. 12.49% of the stock is currently owned by hedge funds and other institutional investors.

About HireRight

HireRight Holdings Corporation provides technology-driven workforce risk management and compliance solutions worldwide. It offers background screening, verification, identification, monitoring, and drug and health screening services for customers under the HireRight brand name. The company provides its services through software and data platform that integrates into its customers' human capital management systems enabling workflows for workforce hiring, onboarding, and monitoring.