HireRight Holdings Co. (NYSE:HRT) Short Interest Up 9.0% in June

HireRight Holdings Co. (NYSE:HRT) saw a significant growth in short interest in the month of 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 short-interest ratio is presently 1.9 days. Approximately 2.3% of the company’s shares are short sold.

Hedge Funds Weigh In On HireRight

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

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. StockNews.com assumed coverage on shares of HireRight in a research note on Sunday. They set a “hold” rating on the stock. William Blair upgraded shares of HireRight from a “market perform” rating to an “outperform” rating in a research note on Wednesday, May 8th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $13.00.

HireRight Stock Performance

Shares of HireRight stock opened at $14.36 on Tuesday. 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 PE ratio of -57.44 and a beta of 0.17. The business has a 50-day simple moving average of $14.33 and a 200-day simple moving average of $13.83.

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

About HireRight

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.