RADIANT LOGISTI/SH SH (RLGT) Short Interest Update

RADIANT LOGISTI/SH SH (NYSEAMERICAN:RLGT) was the recipient of a significant growth in short interest in October. As of October 31st, there was short interest totalling 783,670 shares, a growth of 22.8% from the October 15th total of 638,315 shares. Approximately 2.2% of the company’s stock are short sold. Based on an average trading volume of 248,675 shares, the days-to-cover ratio is currently 3.2 days.

RLGT has been the subject of several recent research reports. TheStreet upgraded RADIANT LOGISTI/SH SH from a “c” rating to a “b-” rating in a report on Friday, September 21st. Loop Capital assumed coverage on shares of RADIANT LOGISTI/SH SH in a report on Monday, October 1st. They issued a “buy” rating and a $9.00 target price for the company. Finally, Zacks Investment Research downgraded shares of RADIANT LOGISTI/SH SH from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 17th.

Institutional investors have recently made changes to their positions in the business. Kestrel Investment Management Corp bought a new position in RADIANT LOGISTI/SH SH in the second quarter worth about $767,000. Russell Investments Group Ltd. grew its stake in shares of RADIANT LOGISTI/SH SH by 4.7% during the second quarter. Russell Investments Group Ltd. now owns 639,903 shares of the company’s stock worth $2,502,000 after acquiring an additional 28,900 shares during the last quarter. Essex Investment Management Co. LLC grew its stake in shares of RADIANT LOGISTI/SH SH by 51.5% during the second quarter. Essex Investment Management Co. LLC now owns 323,765 shares of the company’s stock worth $1,266,000 after acquiring an additional 110,009 shares during the last quarter. Rice Hall James & Associates LLC purchased a new stake in shares of RADIANT LOGISTI/SH SH during the third quarter worth about $768,000. Finally, Carillon Tower Advisers Inc. grew its stake in shares of RADIANT LOGISTI/SH SH by 5.9% during the second quarter. Carillon Tower Advisers Inc. now owns 316,250 shares of the company’s stock worth $1,237,000 after acquiring an additional 17,550 shares during the last quarter. Institutional investors and hedge funds own 39.47% of the company’s stock.

Shares of RADIANT LOGISTI/SH SH stock opened at $5.69 on Friday. RADIANT LOGISTI/SH SH has a one year low of $3.46 and a one year high of $6.09.

RADIANT LOGISTI/SH SH (NYSEAMERICAN:RLGT) last announced its earnings results on Thursday, November 8th. The company reported $0.11 EPS for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.02. The firm had revenue of $218.88 million during the quarter, compared to the consensus estimate of $238.48 million.

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RADIANT LOGISTI/SH SH Company Profile

Radiant Logistics, Inc operates as a third-party logistics and multi-modal transportation services company primarily in the United States and Canada. The company offers domestic and international air and ocean freight forwarding services; and freight brokerage services, including truckload, less than truckload, and intermodal services.

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