Harte Hanks, Inc. (NASDAQ:HHS) Sees Large Decrease in Short Interest

Harte Hanks, Inc. (NASDAQ:HHS) was the recipient of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 16,076 shares, a decrease of 42.4% from the July 15th total of 27,892 shares. Based on an average daily trading volume, of 3,015 shares, the days-to-cover ratio is currently 5.3 days. Currently, 0.2% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Harte Hanks in a report on Monday, July 6th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Harte Hanks has a consensus rating of “Sell”.

Hedge Funds Weigh In On Harte Hanks

Several institutional investors have recently made changes to their positions in HHS. Westerly Capital Management LLC lifted its stake in Harte Hanks by 1.3% in the fourth quarter. Westerly Capital Management LLC now owns 627,000 shares of the business services provider’s stock worth $1,887,000 after acquiring an additional 8,000 shares during the period. Krilogy Financial LLC raised its holdings in shares of Harte Hanks by 28.5% in the 1st quarter. Krilogy Financial LLC now owns 118,175 shares of the business services provider’s stock valued at $268,000 after purchasing an additional 26,175 shares in the last quarter. Raffles Associates LP bought a new stake in shares of Harte Hanks in the 2nd quarter valued at about $190,000. State Street Corp lifted its position in shares of Harte Hanks by 41.0% in the 4th quarter. State Street Corp now owns 26,497 shares of the business services provider’s stock worth $80,000 after purchasing an additional 7,700 shares during the period. Finally, Susquehanna International Group LLP purchased a new stake in shares of Harte Hanks in the 3rd quarter worth approximately $71,000. Hedge funds and other institutional investors own 33.75% of the company’s stock.

Harte Hanks Trading Up 0.8%

Shares of NASDAQ HHS traded up $0.03 during trading hours on Wednesday, reaching $4.02. The stock had a trading volume of 27,734 shares, compared to its average volume of 44,479. The firm has a market cap of $29.83 million, a price-to-earnings ratio of -5.29 and a beta of -0.03. The business’s fifty day moving average price is $2.47 and its two-hundred day moving average price is $2.63. Harte Hanks has a 52-week low of $2.00 and a 52-week high of $4.50.

Harte Hanks (NASDAQ:HHS) last released its quarterly earnings data on Friday, August 14th. The business services provider reported ($0.67) EPS for the quarter. The firm had revenue of $37.98 million for the quarter. Harte Hanks had a negative return on equity of 28.33% and a negative net margin of 3.70%.

About Harte Hanks

Harte-Hanks, Inc engages in the provision of marketing solutions. It specializes in consulting, data analytics, creative services, digital and social media, marketing strategy, marketing technology, and other related services. It supports a range of customers in the field of technology, travel and leisure, entertainment, pharmaceuticals, automotive, finance, and retail. The company was founded in 1923 and is headquartered in San Antonio, TX.