HireRight Holdings Co. (NYSE:HRT) Short Interest Update

HireRight Holdings Co. (NYSE:HRT) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totalling 375,500 shares, a growth of 9.0% from the May 31st total of 344,600 shares. Based on an average daily volume of 195,400 shares, the days-to-cover ratio is currently 1.9 days. Currently, 2.3% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. StockNews.com assumed coverage on HireRight in a research note on Sunday. They set a “hold” rating for the company. William Blair raised HireRight from a “market perform” rating to an “outperform” rating in a research report on Wednesday, May 8th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $13.00.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in HRT. New York State Common Retirement Fund lifted its holdings in shares of HireRight by 328.5% in the 4th quarter. New York State Common Retirement Fund now owns 5,125 shares of the company’s stock valued at $69,000 after buying an additional 3,929 shares during the period. SG Americas Securities LLC purchased a new position in HireRight in the 4th quarter valued at approximately $106,000. Dark Forest Capital Management LP purchased a new position in HireRight in the 3rd quarter valued at approximately $118,000. FNY Investment Advisers LLC purchased a new position in HireRight in the 4th quarter valued at approximately $174,000. Finally, Virtu Financial LLC increased its stake in HireRight by 20.5% in the 1st quarter. Virtu Financial LLC now owns 12,190 shares of the company’s stock valued at $174,000 after purchasing an additional 2,072 shares in the last quarter. Hedge funds and other institutional investors own 12.49% of the company’s stock.

HireRight Stock Performance

HRT opened at $14.36 on Thursday. HireRight has a one year low of $8.69 and a one year high of $14.39. The company has a market cap of $40.50 million, a P/E ratio of -57.44 and a beta of 0.17. The business’s 50-day simple moving average is $14.33 and its 200-day simple moving average is $13.84.

HireRight (NYSE:HRT) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.05. The business had revenue of $173.20 million during the quarter, compared to analysts’ expectations of $170.20 million.

HireRight Company Profile

HireRight Holdings Corporation provides technology-driven workforce risk management and compliance solutions worldwide. It offers background screening, verification, identification, monitoring, and drug and health screening services for customers under the HireRight brand name. The company provides its services through software and data platform that integrates into its customers' human capital management systems enabling workflows for workforce hiring, onboarding, and monitoring.