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

Staffing 360 Solutions, Inc. (NASDAQ:STAF) was the recipient of a significant 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. Based on an average daily trading volume, of 78,100 shares, the days-to-cover ratio is presently 1.8 days. Approximately 2.2% of the company’s shares are short sold.

Staffing 360 Solutions Price Performance

Staffing 360 Solutions stock remained flat at $0.34 during trading on Tuesday. The company had a trading volume of 31,077 shares, compared to its average volume of 97,910. Staffing 360 Solutions has a 52-week low of $0.28 and a 52-week high of $1.75. The firm has a market capitalization of $2.67 million, a P/E ratio of -0.04 and a beta of 0.55. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.14. The firm’s 50-day moving average price is $0.34 and its 200 day moving average price is $0.50.

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

Institutional Investors Weigh In On Staffing 360 Solutions

A hedge fund recently bought a new stake in Staffing 360 Solutions stock. Armistice Capital LLC acquired a new stake in Staffing 360 Solutions, Inc. (NASDAQ:STAF) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 358,830 shares of the business services provider’s stock, valued at approximately $244,000. Armistice Capital LLC owned approximately 6.41% of Staffing 360 Solutions at the end of the most recent quarter. 13.07% of the stock is owned by hedge funds and other 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.