RCM Technologies, Inc. (NASDAQ:RCMT) Short Interest Update

RCM Technologies, Inc. (NASDAQ:RCMT) saw a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 110,200 shares, a drop of 16.3% from the October 31st total of 131,600 shares. Approximately 2.2% of the shares of the stock are sold short. Based on an average trading volume of 39,000 shares, the short-interest ratio is currently 2.8 days.

Institutional Trading of RCM Technologies

Large investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets purchased a new position in RCM Technologies in the 3rd quarter valued at about $48,000. Barclays PLC acquired a new position in shares of RCM Technologies in the third quarter valued at approximately $180,000. Klein Pavlis & Peasley Financial Inc. lifted its stake in shares of RCM Technologies by 19.9% during the second quarter. Klein Pavlis & Peasley Financial Inc. now owns 13,208 shares of the business services provider’s stock valued at $247,000 after buying an additional 2,191 shares during the period. Sanctuary Advisors LLC acquired a new stake in RCM Technologies during the third quarter worth approximately $265,000. Finally, Exchange Traded Concepts LLC purchased a new stake in RCM Technologies in the 3rd quarter worth approximately $315,000. Institutional investors and hedge funds own 43.20% of the company’s stock.

RCM Technologies Price Performance

RCMT stock opened at $22.88 on Friday. The stock’s 50 day moving average price is $21.79 and its 200 day moving average price is $20.31. The firm has a market cap of $173.82 million, a P/E ratio of 11.73 and a beta of 0.63. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.63 and a current ratio of 1.63. RCM Technologies has a 1 year low of $17.11 and a 1 year high of $32.15.

Analysts Set New Price Targets

A number of research firms recently weighed in on RCMT. B. Riley upped their price target on RCM Technologies from $35.00 to $37.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Benchmark raised their price target on RCM Technologies from $33.00 to $37.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, StockNews.com lowered shares of RCM Technologies from a “buy” rating to a “hold” rating in a research report on Monday, November 11th.

About RCM Technologies

RCM Technologies, Inc provides business and technology solutions in the United States, Canada, Puerto Rico, and Europe. It operates through three segments: Engineering, Specialty Health Care, and Life Sciences and Information Technology. The Engineering segment offers a range of engineering services, including project management engineering and design, engineering analysis, engineer-procure-construct, configuration management, hardware/software validation and verification, quality assurance, technical writing and publications, manufacturing process planning and improvement, and 3D/BIM integrated design.