Hudson Ltd (NYSE:HUD) Short Interest Update

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Hudson Ltd (NYSE:HUD) was the target of a significant increase in short interest during the month of June. As of June 30th, there was short interest totalling 749,400 shares, an increase of 9.0% from the May 30th total of 687,300 shares. Approximately 1.9% of the shares of the company are sold short. Based on an average trading volume of 233,000 shares, the short-interest ratio is presently 3.2 days.

Shares of HUD traded down $0.12 during mid-day trading on Tuesday, reaching $13.88. 92,946 shares of the company’s stock were exchanged, compared to its average volume of 222,371. The company has a quick ratio of 0.63, a current ratio of 1.05 and a debt-to-equity ratio of 2.19. The stock has a market cap of $1.29 billion, a PE ratio of 16.72 and a beta of 0.76. The stock’s fifty day simple moving average is $13.79. Hudson has a 52-week low of $12.67 and a 52-week high of $23.22.

Hudson (NYSE:HUD) last issued its quarterly earnings results on Tuesday, May 14th. The company reported $0.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.02. Hudson had a return on equity of 12.30% and a net margin of 1.47%. The firm had revenue of $445.00 million during the quarter, compared to the consensus estimate of $437.08 million. During the same period last year, the company earned $0.04 earnings per share. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. As a group, equities analysts forecast that Hudson will post 0.69 EPS for the current year.

HUD has been the topic of a number of research reports. Zacks Investment Research lowered shares of HEXO from a “hold” rating to a “sell” rating in a research report on Wednesday, May 15th. Credit Suisse Group restated an “outperform” rating and set a GBX 2,012 ($26.29) target price on shares of Aston Martin Lagonda Global in a research report on Wednesday, May 1st.

Several hedge funds and other institutional investors have recently modified their holdings of HUD. BNP Paribas Arbitrage SA acquired a new stake in shares of Hudson during the first quarter worth $114,000. Dynamic Technology Lab Private Ltd lifted its holdings in shares of Hudson by 25.9% during the first quarter. Dynamic Technology Lab Private Ltd now owns 25,041 shares of the company’s stock worth $344,000 after purchasing an additional 5,147 shares during the period. LPL Financial LLC lifted its holdings in shares of Hudson by 18.6% during the fourth quarter. LPL Financial LLC now owns 22,361 shares of the company’s stock worth $383,000 after purchasing an additional 3,512 shares during the period. Globeflex Capital L P acquired a new stake in shares of Hudson during the fourth quarter worth $604,000. Finally, Renaissance Group LLC lifted its holdings in shares of Hudson by 2.7% during the first quarter. Renaissance Group LLC now owns 45,225 shares of the company’s stock worth $622,000 after purchasing an additional 1,185 shares during the period. 41.76% of the stock is owned by hedge funds and other institutional investors.

About Hudson

Hudson Ltd. operates as a travel retail company in the United States and Canada. It operates travel essentials and convenience stores, bookstores, duty-free stores, proprietary and branded specialty stores, electronics stores, themed stores, and quick-service food and beverage outlets under proprietary and third-party brands.

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