Volt Information Sciences, Inc. (VISI) Short Interest Up 98.9% in October

Volt Information Sciences, Inc. (NYSE:VISI) was the recipient of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 357,974 shares, a growth of 98.9% from the October 13th total of 179,968 shares. Currently, 2.7% of the company’s shares are short sold. Based on an average trading volume of 1,035,701 shares, the days-to-cover ratio is presently 0.3 days.

Shares of Volt Information Sciences (NYSE VISI) opened at $3.61 on Tuesday. Volt Information Sciences has a 12 month low of $2.15 and a 12 month high of $8.74.

Volt Information Sciences (NYSE:VISI) last posted its quarterly earnings data on Thursday, September 7th. The company reported ($0.27) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.28) by $0.01. Volt Information Sciences had a negative net margin of 1.90% and a negative return on equity of 48.91%. The company had revenue of $289.92 million for the quarter, compared to analyst estimates of $303.00 million.

In other Volt Information Sciences news, major shareholder John C. Rudolf bought 142,155 shares of Volt Information Sciences stock in a transaction on Tuesday, October 24th. The shares were purchased at an average cost of $3.22 per share, with a total value of $457,739.10. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Several large investors have recently bought and sold shares of the company. Punch & Associates Investment Management Inc. boosted its stake in shares of Volt Information Sciences by 46.0% in the 2nd quarter. Punch & Associates Investment Management Inc. now owns 491,636 shares of the company’s stock valued at $1,942,000 after purchasing an additional 154,836 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Volt Information Sciences by 5.8% in the 2nd quarter. Northern Trust Corp now owns 42,072 shares of the company’s stock valued at $166,000 after purchasing an additional 2,318 shares during the last quarter. Royce & Associates LP boosted its stake in shares of Volt Information Sciences by 7.1% in the 2nd quarter. Royce & Associates LP now owns 75,000 shares of the company’s stock valued at $296,000 after purchasing an additional 5,000 shares during the last quarter. ARS Investment Partners LLC boosted its stake in shares of Volt Information Sciences by 2.2% in the 2nd quarter. ARS Investment Partners LLC now owns 667,536 shares of the company’s stock valued at $2,637,000 after purchasing an additional 14,556 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Volt Information Sciences by 115.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 39,075 shares of the company’s stock valued at $154,000 after purchasing an additional 20,959 shares during the last quarter.

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About Volt Information Sciences

Volt Information Sciences, Inc is a provider of staffing services and information technology infrastructure services. The Company operates through North American Staffing; International Staffing; Technology Outsourcing Services and Solutions, and Corporate and Other segments. Its staffing services consist of workforce solutions, including providing contingent workers, personnel recruitment services and managed staffing services programs supporting light industrial, information technology and engineering positions.

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