Harte Hanks, Inc. (NASDAQ:HHS) Short Interest Update

Harte Hanks, Inc. (NASDAQ:HHS) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totaling 66,873 shares, a growth of 168.7% from the August 15th total of 24,883 shares. Approximately 1.0% of the company’s stock are sold short. Based on an average daily volume of 271,046 shares, the short-interest ratio is currently 0.2 days.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Harte Hanks from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, August 28th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Harte Hanks Trading Up 2.4%

Harte Hanks stock traded up $0.10 during trading hours on Monday, reaching $4.30. 345,435 shares of the company were exchanged, compared to its average volume of 59,312. Harte Hanks has a 12 month low of $2.00 and a 12 month high of $4.50. The stock has a 50-day moving average of $3.11 and a 200 day moving average of $2.78. The firm has a market cap of $32.03 million, a price-to-earnings ratio of -5.66 and a beta of 0.09.

Harte Hanks (NASDAQ:HHS) last issued its quarterly earnings data on Friday, August 14th. The business services provider reported ($0.67) earnings per share for the quarter. The firm had revenue of $37.98 million during the quarter. Harte Hanks had a negative return on equity of 30.14% and a negative net margin of 3.70%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Harte Hanks in the second quarter valued at about $41,000. Raffles Associates LP bought a new position in shares of Harte Hanks in the second quarter worth about $190,000. Finally, Krilogy Financial LLC lifted its position in shares of Harte Hanks by 28.5% during the 1st quarter. Krilogy Financial LLC now owns 118,175 shares of the business services provider’s stock worth $268,000 after purchasing an additional 26,175 shares during the last quarter. Institutional investors and hedge funds own 33.75% of the company’s stock.

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.