It is trading at $9.95 which is just over the 50 day moving average which is $9.07 and significantly above the 200 day moving average of $8.43. The 50 day moving average was up by +9.75% and the 200 day average went up $1.52 or +18.10%. Hydrogenics Corporation shares had a trading volume of 92K on Tuesday. Volume was up 2.03% over the stocks average daily volume.
Investors are a little more bearish on shares of Hydrogenics Corporation of late as evidenced by the increase in short interest. The firm saw a rise in short interest between September 29, 2017 and October 13, 2017 of 18.11%. Short interest grew 38,362 over that period. With short interest at 250,166 and short average daily volume at 69,099, days to cover is 4.0 and the percentage of shorted shares was 0.02% on October 13.
Additionally, here are a few investment firms who have increased or decreased their stake in (HYGS). Wells Fargo & Company/mn grew its ownership by buying 2,136 shares an increase of 195.8% as of 06/30/2017. Wells Fargo & Company/mn controls 3,227 shares valued at $33,000. The value of the position overall is up by 371.4%. As of the end of the quarter Morgan Stanley had sold 30,425 shares trimming its holdings by 98.8%. The value of the investment in Hydrogenics Corporation decreased from $206,000 to $4,000 a change of 98.1% since the last quarter.
Tower Research Capital LLC (trc) added to its holdings by buying 700 shares an increase of 116.7% in the quarter. Tower Research Capital LLC (trc) owns 1,300 shares worth $17,000. The total value of its holdings increased 240.0%. As of quarter end Susquehanna International Group, Llp had acquired a total of 13,205 shares growing its position 94.3%. The value of the investment in HYGS went from $97,000 to $275,000 a change of $178,000 quarter over quarter.
In the last earnings report the EPS was $-0.99 and is projected to be $-0.77 for the current year with 15,232,000 shares presently outstanding. Analysts expect next quarter’s EPS will be $-0.06 and the next full year EPS is projected to be $-0.12.
Hydrogenics Corporation, launched on June 10, 2009, designs, develops and manufactures hydrogen generation products based on water electrolysis technology, and fuel cell products based on proton exchange membrane (PEM) technology. The Business’s segments are Onsite Generation and Power Systems. The Business’s products include HySTAT hydrogen generation equipment in its OnSite Generation business and HyPM fuel cell products in its Power Systems business. HySTAT Hydrogen Stations offer an on-site supply of hydrogen for a range of hydrogen applications, including vehicle fuelling, distributed power, and a range of industrial processes. Its HyPM fuel cell products provide high performance electrical power from clean hydrogen fuel. Its products are sold around the world to original equipment manufacturers (OEMs), systems integrators and end users through a network of distributors. It has facilities in Mississauga, Ontario, Canada; Oevel-Westerlo, Belgium, and Gladbeck, Germany. It also has small sales and service offices in Eastern Europe and North America. The Company has operations in Belgium, Canada and Germany with satellite offices in the United States and branch offices in Russia and Indonesia..