Quest Resource Holding Corporation. (NASDAQ:QRHC) Short Interest Update

Quest Resource Holding Corporation. (NASDAQ:QRHC) was the target of a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 88,637 shares, a decrease of 41.0% from the December 31st total of 150,323 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average daily volume of 42,107 shares, the days-to-cover ratio is presently 2.1 days. Based on an average daily volume of 42,107 shares, the days-to-cover ratio is presently 2.1 days. Currently, 0.6% of the company’s shares are sold short.

Quest Resource Stock Down 2.3%

Shares of NASDAQ QRHC traded down $0.05 during mid-day trading on Friday, reaching $2.11. The company had a trading volume of 8,871 shares, compared to its average volume of 42,004. Quest Resource has a 12-month low of $1.11 and a 12-month high of $5.97. The stock has a fifty day moving average of $2.02 and a two-hundred day moving average of $1.80. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.32 and a current ratio of 1.32. The company has a market capitalization of $44.04 million, a price-to-earnings ratio of -1.90 and a beta of 0.14.

Quest Resource (NASDAQ:QRHC) last posted its quarterly earnings data on Monday, November 10th. The business services provider reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.03). Quest Resource had a negative return on equity of 12.96% and a negative net margin of 8.89%.The business had revenue of $63.34 million for the quarter, compared to analyst estimates of $59.83 million. As a group, equities research analysts expect that Quest Resource will post 0.09 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE lifted its stake in shares of Quest Resource by 36.5% in the 4th quarter. Bank of America Corp DE now owns 15,356 shares of the business services provider’s stock valued at $100,000 after purchasing an additional 4,104 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Quest Resource by 22.8% during the first quarter. Goldman Sachs Group Inc. now owns 51,990 shares of the business services provider’s stock worth $135,000 after acquiring an additional 9,647 shares during the last quarter. Connors Investor Services Inc. increased its holdings in shares of Quest Resource by 25.0% in the second quarter. Connors Investor Services Inc. now owns 50,026 shares of the business services provider’s stock valued at $101,000 after purchasing an additional 10,000 shares during the period. Greenhaven Road Investment Management L.P. raised its stake in shares of Quest Resource by 137.2% during the 3rd quarter. Greenhaven Road Investment Management L.P. now owns 30,777 shares of the business services provider’s stock valued at $48,000 after buying an additional 17,801 shares during the last quarter. Finally, Qube Research & Technologies Ltd purchased a new stake in shares of Quest Resource during the 2nd quarter worth about $50,000. Institutional investors and hedge funds own 48.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on QRHC. Weiss Ratings reissued a “sell (e+)” rating on shares of Quest Resource in a report on Wednesday, October 8th. Wall Street Zen raised Quest Resource to a “hold” rating in a report on Saturday, January 10th. Finally, Zacks Research raised shares of Quest Resource from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $2.25.

About Quest Resource

Quest Resource Holding Corporation, together with its subsidiaries, provides solutions for the reuse, recycling, and disposal of various waste streams and recyclables in the United States. The company provides disposal and recycling services for motor oil and automotive lubricants, oil filters, scrap tires, oily water, goods destruction, food waste, meat renderings, cooking oil and grease trap waste, plastics, cardboard, metal, glass, mixed paper, construction debris, as well as a large variety of regulated and non-regulated solid, liquid, and gas wastes.