Hill International Inc (NYSE:HIL) Sees Significant Drop in Short Interest

Hill International Inc (NYSE:HIL) saw a large drop in short interest in July. As of July 31st, there was short interest totalling 330,200 shares, a drop of 10.7% from the June 30th total of 369,700 shares. Based on an average daily volume of 130,000 shares, the short-interest ratio is presently 2.5 days. Currently, 0.7% of the company’s stock are short sold.

In other Hill International news, Director James M. Chadwick bought 63,497 shares of the business’s stock in a transaction dated Friday, May 31st. The shares were acquired at an average price of $2.57 per share, with a total value of $163,187.29. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director James M. Chadwick bought 107,914 shares of the business’s stock in a transaction dated Friday, June 28th. The shares were acquired at an average cost of $2.70 per share, for a total transaction of $291,367.80. The disclosure for this purchase can be found here. Insiders acquired a total of 531,135 shares of company stock worth $1,411,180 in the last ninety days. 13.08% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Deutsche Bank AG acquired a new stake in shares of Hill International during the 4th quarter worth about $25,000. Algert Global LLC acquired a new position in Hill International during the second quarter worth approximately $33,000. Millennium Management LLC acquired a new position in Hill International during the fourth quarter worth approximately $34,000. Parallel Advisors LLC acquired a new position in Hill International during the first quarter worth approximately $35,000. Finally, Menta Capital LLC acquired a new position in Hill International during the second quarter worth approximately $86,000. 50.71% of the stock is currently owned by institutional investors and hedge funds.

Separately, ValuEngine raised Hill International from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st.

Shares of NYSE HIL traded down $0.02 during midday trading on Friday, hitting $2.98. 50,800 shares of the company’s stock were exchanged, compared to its average volume of 113,289. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.60 and a quick ratio of 1.60. Hill International has a twelve month low of $2.11 and a twelve month high of $4.40. The firm’s fifty day simple moving average is $2.94 and its 200-day simple moving average is $2.88.

Hill International (NYSE:HIL) last issued its earnings results on Wednesday, August 7th. The business services provider reported $0.03 earnings per share for the quarter. Hill International had a negative return on equity of 17.23% and a negative net margin of 4.09%. The business had revenue of $98.26 million for the quarter.

Hill International Company Profile

Hill International, Inc provides project and construction management, and other consulting services primarily for the 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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