Short Interest in Randstad (OTCMKTS:RANJY) Declines By 29.6%

Randstad (OTCMKTS:RANJY) was the target of a significant drop in short interest in September. As of September 15th, there was short interest totalling 1,900 shares, a drop of 29.6% from the August 31st total of 2,700 shares. Based on an average daily volume of 23,100 shares, the days-to-cover ratio is currently 0.1 days.

Randstad Price Performance

Randstad stock traded up $0.26 during mid-day trading on Friday, hitting $24.69. 3,019 shares of the company traded hands, compared to its average volume of 8,553. The stock has a fifty day moving average price of $23.71 and a 200-day moving average price of $24.93. The stock has a market cap of $8.93 billion, a price-to-earnings ratio of 14.87 and a beta of 1.25. Randstad has a one year low of $22.27 and a one year high of $31.82. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.10 and a current ratio of 1.10.

Randstad (OTCMKTS:RANJY) last posted its quarterly earnings data on Tuesday, July 23rd. The business services provider reported $0.36 earnings per share (EPS) for the quarter. The company had revenue of $6.55 billion during the quarter. Randstad had a net margin of 2.03% and a return on equity of 15.03%. On average, equities analysts predict that Randstad will post 1.74 earnings per share for the current fiscal year.

Randstad Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, October 16th. Stockholders of record on Friday, September 27th will be issued a $0.5292 dividend. The ex-dividend date is Thursday, September 26th. Randstad’s payout ratio is currently 60.24%.

About Randstad

Randstad N.V. provides solutions in the field of work and human resources (HR) services. The company provides temporary staffing and permanent placement services; job posting; and résumé services on digital platforms. It offers inhouse, enterprise and digital, and tech suite services. In addition, the company provides managed services programs, recruitment process outsourcing, outplacement and career development, and online talent acquisition.