Short Interest in Hill International, Inc. (NYSE:HIL) Decreases By 19.2%

Posted by on Jun 17th, 2022

Hill International, Inc. (NYSE:HIL – Get Rating) was the recipient of a large decrease in short interest in the month of May. As of May 31st, there was short interest totalling 350,300 shares, a decrease of 19.2% from the May 15th total of 433,500 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average daily trading volume, of 205,600 shares, the short-interest ratio is currently 1.7 days.

Hedge funds have recently modified their holdings of the stock. Rutabaga Capital Management LLC MA increased its holdings in Hill International by 4.3% in the fourth quarter. Rutabaga Capital Management LLC MA now owns 2,890,714 shares of the business services provider’s stock valued at $5,637,000 after buying an additional 118,571 shares during the last quarter. Tieton Capital Management LLC increased its holdings in Hill International by 10.7% in the fourth quarter. Tieton Capital Management LLC now owns 2,568,345 shares of the business services provider’s stock valued at $5,008,000 after buying an additional 248,754 shares during the last quarter. Kokino LLC purchased a new position in Hill International in the fourth quarter valued at $565,000. Finally, Winning Points Advisors LLC purchased a new position in Hill International in the first quarter valued at $25,000. Hedge funds and other institutional investors own 66.26% of the company’s stock.

Shares of Hill International stock traded up $0.07 on Friday, reaching $1.62. 76,217 shares of the company were exchanged, compared to its average volume of 159,323. The stock’s 50 day moving average price is $1.43 and its 200-day moving average price is $1.73. Hill International has a 1-year low of $1.18 and a 1-year high of $2.60. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.06 and a current ratio of 2.06.

Hill International (NYSE:HIL – Get Rating) last posted its quarterly earnings results on Tuesday, May 10th. The business services provider reported $0.01 EPS for the quarter. Hill International had a negative net margin of 0.54% and a positive return on equity of 1.60%. The company had revenue of $102.24 million during the quarter.

Separately, StockNews.com started coverage on shares of Hill International in a research note on Thursday, June 9th. They set a “strong-buy” rating on the stock.

Hill International Company Profile (Get Rating)

Hill International, Inc provides project and construction management, and other consulting services primarily for buildings, transportation, environmental, energy, and industrial markets. The company offers program management, project management, construction management, project management oversight, troubled project turnaround, staff augmentation, project labor agreement consulting, commissioning, estimating and cost management, and labor compliance and facilities management services.

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