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

Quest Resource Holding Co. (NASDAQ:QRHC) saw a large decrease in short interest in April. As of April 15th, there was short interest totalling 15,400 shares, a decrease of 24.9% from the March 31st total of 20,500 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 38,200 shares, the short-interest ratio is currently 0.4 days.

Quest Resource Trading Up 2.8 %

Shares of QRHC opened at $9.60 on Friday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.35 and a quick ratio of 1.35. The firm has a fifty day simple moving average of $8.00 and a two-hundred day simple moving average of $7.41. Quest Resource has a twelve month low of $5.01 and a twelve month high of $9.93.

Quest Resource (NASDAQ:QRHC) last announced its quarterly earnings results on Tuesday, March 12th. The business services provider reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.03). Quest Resource had a negative net margin of 2.53% and a positive return on equity of 4.99%. The firm had revenue of $69.34 million for the quarter, compared to analysts’ expectations of $74.10 million. As a group, equities analysts predict that Quest Resource will post 0.43 earnings per share for the current fiscal year.

Insider Activity

In other Quest Resource news, major shareholder Wynnefield Partners Small Cap acquired 14,918 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was bought at an average price of $6.94 per share, with a total value of $103,530.92. Following the purchase, the insider now owns 1,294,093 shares of the company’s stock, valued at $8,981,005.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 23.59% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Quest Resource

Several institutional investors and hedge funds have recently modified their holdings of the stock. Quadrature Capital Ltd purchased a new stake in shares of Quest Resource in the 3rd quarter worth about $77,000. Ancora Advisors LLC purchased a new stake in shares of Quest Resource in the 3rd quarter worth about $283,000. Wynnefield Capital Inc. lifted its position in shares of Quest Resource by 1.0% in the 3rd quarter. Wynnefield Capital Inc. now owns 2,595,689 shares of the business services provider’s stock worth $19,208,000 after purchasing an additional 24,955 shares during the period. First Eagle Investment Management LLC lifted its position in shares of Quest Resource by 19.7% in the 3rd quarter. First Eagle Investment Management LLC now owns 366,632 shares of the business services provider’s stock worth $2,713,000 after purchasing an additional 60,396 shares during the period. Finally, Barclays PLC purchased a new stake in shares of Quest Resource in the 3rd quarter worth about $39,000. 48.16% of the stock is owned by hedge funds and other institutional investors.

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.