Hydrogenics Corporation New (NASDAQ:HYGS) Has Decline in Shorts

January 21, 2018 - By Clifton Ray

 Hydrogenics Corporation New (NASDAQ:HYGS) Has Decline in Shorts

Investors sentiment increased to 2.67 in 2017 Q3. Its up 1.11, from 1.56 in 2017Q2. It increased, as 4 investors sold Hydrogenics Corporation shares while 2 reduced holdings. 6 funds opened positions while 10 raised stakes. 3.52 million shares or 34.57% more from 2.61 million shares in 2017Q2 were reported.
Geode Capital Mngmt owns 12,364 shares. Illinois-based Wolverine Asset Mgmt Lc has invested 0.02% in Hydrogenics Corporation (NASDAQ:HYGS). Royal State Bank Of Canada holds 0% or 5,194 shares in its portfolio. Invesco has invested 0% in Hydrogenics Corporation (NASDAQ:HYGS). Credit Agricole S A has 47,348 shares for 0% of their portfolio. Susquehanna Int Grp Ltd Liability Partnership holds 0% or 55,698 shares. Granite Investment Prns Ltd Liability Com reported 125,031 shares. 213 are owned by Bartlett And Ltd. Sg Americas Limited Liability reported 0% stake. Peak6 Invs L P holds 0% of its portfolio in Hydrogenics Corporation (NASDAQ:HYGS) for 100,355 shares. Morgan Stanley stated it has 40,487 shares or 0% of all its holdings. 25,011 are owned by Natl Bank Of Montreal Can. Winch Advisory Ser Limited Liability Corp holds 268 shares or 0% of its portfolio. First Manhattan invested 0% of its portfolio in Hydrogenics Corporation (NASDAQ:HYGS). Regions Finance has invested 0% in Hydrogenics Corporation (NASDAQ:HYGS).

The stock of Hydrogenics Corporation New (NASDAQ:HYGS) registered a decrease of 4.43% in short interest. HYGS’s total short interest was 384,100 shares in January as published by FINRA. Its down 4.43% from 401,900 shares, reported previously. With 43,700 shares average volume, it will take short sellers 9 days to cover their HYGS’s short positions. The short interest to Hydrogenics Corporation New’s float is 3.41%.

The stock increased 3.86% or $0.4 during the last trading session, reaching $10.75. About 81,981 shares traded or 1.05% up from the average. Hydrogenics Corporation (NASDAQ:HYGS) has risen 1.42% since January 21, 2017 and is uptrending. It has underperformed by 15.28% the S&P500.

Hydrogenics Corporation, together with its subsidiaries, designs, develops, and makes hydrogen generation products based on water electrolysis technology; and fuel cell products based on proton exchange membrane technology. The company has market cap of $163.75 million. It operates in two divisions, OnSite Generation and Power Systems. It currently has negative earnings. The OnSite Generation segment develops products for industrial gas, hydrogen fueling, and renewable energy storage markets.

Hydrogenics Corporation (NASDAQ:HYGS) Ratings Coverage

Among 5 analysts covering Hydrogenics (NASDAQ:HYGS), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Hydrogenics had 18 analyst reports since August 14, 2015 according to SRatingsIntel. The firm has “Hold” rating by Cowen & Co given on Monday, July 10. Rodman & Renshaw initiated Hydrogenics Corporation (NASDAQ:HYGS) on Monday, August 31 with “Buy” rating. The rating was initiated by Roth Capital on Wednesday, February 3 with “Buy”. As per Tuesday, November 8, the company rating was maintained by Rodman & Renshaw. Cowen & Co maintained the shares of HYGS in report on Monday, October 16 with “Hold” rating. The firm has “Buy” rating by H.C. Wainwright given on Tuesday, August 8. The firm has “Buy” rating by Roth Capital given on Saturday, August 15. On Friday, October 27 the stock rating was maintained by Roth Capital with “Buy”. The firm earned “Buy” rating on Monday, November 16 by TH Capital. The firm has “Hold” rating given on Friday, August 14 by Zacks.

More recent Hydrogenics Corporation (NASDAQ:HYGS) news were published by: Globenewswire.com which released: “Hydrogenics Receives $7.8 Million Fuel Cell Order in China” on January 18, 2018. Also Seekingalpha.com published the news titled: “Hydrogenics Corporation: Continued Growth In 2018” on December 15, 2017. Seekingalpha.com‘s news article titled: “Hydrogenics: Possibly Profitable This Year But With Risks” with publication date: January 17, 2018 was also an interesting one.

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