Staffing 360 Solutions, Inc. (NASDAQ:STAF) Sees Significant Decline in Short Interest

Staffing 360 Solutions, Inc. (NASDAQ:STAF) was the target of a large drop in short interest during the month of October. As of October 15th, there was short interest totalling 800 shares, a drop of 71.4% from the September 30th total of 2,800 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 2,210,000 shares, the short-interest ratio is presently 0.0 days.

Staffing 360 Solutions Price Performance

STAF traded down $0.18 during trading on Friday, hitting $1.88. The stock had a trading volume of 106,627 shares, compared to its average volume of 724,661. The company has a 50 day moving average price of $1.73 and a 200-day moving average price of $2.31. Staffing 360 Solutions has a one year low of $1.08 and a one year high of $6.19. The firm has a market cap of $1.20 million, a price-to-earnings ratio of -0.02 and a beta of 0.54.

Staffing 360 Solutions (NASDAQ:STAF) last released its quarterly earnings results on Monday, August 12th. The business services provider reported ($3.55) EPS for the quarter, missing the consensus estimate of ($0.92) by ($2.63). The company had revenue of $44.18 million for the quarter, compared to analyst estimates of $45.81 million. As a group, sell-side analysts predict that Staffing 360 Solutions will post -5.87 EPS for the current fiscal year.

About Staffing 360 Solutions

Staffing 360 Solutions, Inc, a staffing company, engages in the acquisition of staffing companies in the United States and the United Kingdom. It provides temporary contractors, and permanent placement services. The company focuses primarily on the staffing companies supporting accounting and finance, information technology, engineering, administration, and commercial disciplines.