HD Supply Holdings Inc (NASDAQ:HDS) was the recipient of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 4,664,772 shares, an increase of 64.8% from the February 15th total of 2,830,283 shares. Currently, 2.3% of the shares of the company are sold short. Based on an average trading volume of 1,706,791 shares, the days-to-cover ratio is presently 2.7 days.
Hedge funds and other institutional investors have recently modified their holdings of the business. Cerebellum GP LLC bought a new position in HD Supply during the 4th quarter valued at $132,000. Bessemer Group Inc. boosted its stake in shares of HD Supply by 849.5% during the 4th quarter. Bessemer Group Inc. now owns 3,475 shares of the industrial products company’s stock worth $139,000 after acquiring an additional 3,109 shares in the last quarter. American International Group Inc. bought a new stake in shares of HD Supply during the 4th quarter worth $177,000. Massey Quick Simon & CO. LLC bought a new stake in shares of HD Supply during the 3rd quarter worth $185,000. Finally, Cadence Capital Management LLC bought a new stake in shares of HD Supply during the 4th quarter worth $215,000. 96.93% of the stock is owned by hedge funds and other institutional investors.
HD Supply (HDS) opened at $36.87 on Tuesday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.80 and a current ratio of 2.80. The stock has a market capitalization of $6,850.00, a price-to-earnings ratio of 30.73, a price-to-earnings-growth ratio of 0.66 and a beta of 1.31. HD Supply has a one year low of $28.97 and a one year high of $42.80.
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HD Supply Company Profile
HD Supply Holdings, Inc is an industrial distributor in North America. The Company’s segments include Facilities Maintenance, Construction & Industrial-White Cap, and Corporate. As of January 29, 2017, the Company operated through approximately 500 locations across 48 states in the United States and six Canadian provinces.
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