Short Interest in Staffing 360 Solutions, Inc. (NASDAQ:STAF) Increases By 5,362.5%

Staffing 360 Solutions, Inc. (NASDAQ:STAF) was the target of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 43,700 shares, an increase of 5,362.5% from the October 15th total of 800 shares. Based on an average daily volume of 3,070,000 shares, the short-interest ratio is presently 0.0 days. Approximately 6.8% of the company’s shares are sold short.

Staffing 360 Solutions Stock Down 4.8 %

Shares of NASDAQ STAF opened at $2.60 on Wednesday. Staffing 360 Solutions has a 12 month low of $1.08 and a 12 month high of $5.69. The business has a fifty day simple moving average of $1.76 and a 200-day simple moving average of $2.24.

Staffing 360 Solutions (NASDAQ:STAF) last announced its quarterly earnings data on Monday, August 12th. The business services provider reported ($3.55) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.92) by ($2.63). The company had revenue of $44.18 million during the quarter, compared to analysts’ expectations of $45.81 million. Equities research analysts forecast that Staffing 360 Solutions will post -5.87 EPS for the current 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.