Staffing 360 Solutions, Inc. (NASDAQ:STAF) Short Interest Update

Staffing 360 Solutions, Inc. (NASDAQ:STAF) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totalling 79,200 shares, a growth of 15.6% from the August 15th total of 68,500 shares. Based on an average daily volume of 1,350,000 shares, the days-to-cover ratio is currently 0.1 days. Currently, 12.3% of the company’s stock are short sold.

Staffing 360 Solutions Stock Up 11.4 %

Staffing 360 Solutions stock traded up $0.16 during mid-day trading on Friday, reaching $1.56. 132,107 shares of the company’s stock were exchanged, compared to its average volume of 4,048,213. The company has a fifty day moving average of $1.96 and a 200-day moving average of $2.63. The company has a market cap of $1.42 million, a P/E ratio of -0.02 and a beta of 0.56. Staffing 360 Solutions has a twelve month low of $1.08 and a twelve month high of $7.60.

Staffing 360 Solutions (NASDAQ:STAF) last announced its quarterly earnings data on Monday, August 12th. The business services provider reported ($3.55) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.92) by ($2.63). Staffing 360 Solutions had a negative net margin of 13.78% and a negative return on equity of 551.43%. The company had revenue of $44.18 million during the quarter, compared to analyst estimates of $45.81 million. Equities research analysts expect that Staffing 360 Solutions will post -5.87 earnings per share for the current fiscal year.

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.