Short Interest in Quest Resource Holding Corporation. (NASDAQ:QRHC) Decreases By 34.3%

Quest Resource Holding Corporation. (NASDAQ:QRHC) saw a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 51,853 shares, a drop of 34.3% from the April 15th total of 78,974 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 48,717 shares, the days-to-cover ratio is presently 1.1 days.

Quest Resource Price Performance

Shares of QRHC opened at $1.05 on Monday. Quest Resource has a fifty-two week low of $0.81 and a fifty-two week high of $2.55. The company has a market capitalization of $22.06 million, a price-to-earnings ratio of -3.09 and a beta of 0.21. The firm has a 50-day simple moving average of $1.17 and a 200-day simple moving average of $1.64. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.28 and a current ratio of 1.28.

Quest Resource (NASDAQ:QRHC) last announced its quarterly earnings data on Thursday, May 7th. The business services provider reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.06). The firm had revenue of $61.74 million during the quarter, compared to analyst estimates of $62.21 million. Quest Resource had a negative net margin of 3.00% and a negative return on equity of 12.30%. On average, equities research analysts anticipate that Quest Resource will post -0.22 earnings per share for the current year.

Institutional Investors Weigh In On Quest Resource

A number of hedge funds have recently added to or reduced their stakes in the company. Sei Investments Co. lifted its position in Quest Resource by 100.0% in the first quarter. Sei Investments Co. now owns 122,670 shares of the business services provider’s stock valued at $146,000 after purchasing an additional 61,335 shares during the period. Veradace Capital Management LLC acquired a new stake in Quest Resource in the fourth quarter valued at about $2,336,000. Rothschild Wealth LLC acquired a new stake in Quest Resource in the fourth quarter valued at about $274,000. Jane Street Group LLC lifted its position in Quest Resource by 91.4% in the fourth quarter. Jane Street Group LLC now owns 27,233 shares of the business services provider’s stock valued at $51,000 after purchasing an additional 13,004 shares during the period. Finally, Greenhaven Road Investment Management L.P. lifted its position in Quest Resource by 137.2% in the third quarter. Greenhaven Road Investment Management L.P. now owns 30,777 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 17,801 shares during the period. Institutional investors and hedge funds own 48.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on QRHC. Weiss Ratings raised Quest Resource from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, May 7th. Zacks Research lowered Quest Resource from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 31st. One equities research analyst has rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Sell” and a consensus target price of $2.25.

Quest Resource Company Profile

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.