Short Interest Buzzer: Tejon Ranch Company (NYSE:TRC) Just Reported Decreased Shorts

November 18, 2016 - By Hazel Jackson   ·   0 Comments

Short Interest Buzzer: Tejon Ranch Company (NYSE:TRC) Just Reported Decreased Shorts

The stock of Tejon Ranch Company (NYSE:TRC) registered a decrease of 3.73% in short interest. TRC’s total short interest was 343,600 shares in November as published by FINRA. Its down 3.73% from 356,900 shares, reported previously. With 23,500 shares average volume, it will take short sellers 15 days to cover their TRC’s short positions. The short interest to Tejon Ranch Company’s float is 2.22%. The stock increased 0.43% or $0.11 during the last trading session, hitting $25.77. Tejon Ranch Company (NYSE:TRC) has risen 16.55% since April 18, 2016 and is uptrending. It has outperformed by 12.12% the S&P500.

Tejon Ranch Co. is a diversified real estate development and agribusiness company. The company has a market cap of $551.88 million. The Firm operates through five business divisions: commercial/industrial real estate development; resort/residential real estate development; mineral resources; farming, and ranch operations. It has a 209.29 P/E ratio. The Company’s commercial/industrial real estate development segment is engaged in building, land lease activities, and land and building sales.

Insitutional Activity: The institutional sentiment increased to 1.03 in 2016 Q2. Its up 0.07, from 0.96 in 2016Q1. The ratio increased, as 3 funds sold all Tejon Ranch Company shares owned while 25 reduced positions. 3 funds bought stakes while 24 increased positions. They now own 15.46 million shares or 0.17% more from 15.43 million shares in 2016Q1.
Pnc Finance Group Incorporated has 0% invested in the company for 520 shares. Blackrock Invest Mngmt Ltd Liability Company holds 0% of its portfolio in Tejon Ranch Company (NYSE:TRC) for 59,582 shares. M&T Commercial Bank Corporation has 10,604 shares for 0% of their US portfolio. American International holds 0% of its portfolio in Tejon Ranch Company (NYSE:TRC) for 8,014 shares. The New York-based Jpmorgan Chase & Company has invested 0% in Tejon Ranch Company (NYSE:TRC). Alliancebernstein L P last reported 11,809 shares in the company. Fifth Third Bankshares, a Ohio-based fund reported 23,074 shares. Nationwide Fund Advsrs holds 9,031 shares or 0% of its portfolio. The Arkansas-based Foundation Resources Mgmt has invested 0.65% in Tejon Ranch Company (NYSE:TRC). Moreover, Pub Employees Retirement Association Of Colorado has 0% invested in Tejon Ranch Company (NYSE:TRC) for 5,756 shares. Smithfield accumulated 0.04% or 7,981 shares. D E Shaw And Comm holds 0% of its portfolio in Tejon Ranch Company (NYSE:TRC) for 27,527 shares. Moreover, Rhumbline Advisers has 0% invested in Tejon Ranch Company (NYSE:TRC) for 19,688 shares. Stifel Corporation holds 0% of its portfolio in Tejon Ranch Company (NYSE:TRC) for 26,815 shares. Levin Cap Strategies Lp owns 182,683 shares or 0.08% of their US portfolio.

Insider Transactions: Since May 19, 2016, the stock had 1 buying transaction, and 0 sales for $20,921 net activity. $20,921 worth of Tejon Ranch Company (NYSE:TRC) was bought by TISCH DANIEL R. ATKINSON DENNIS bought 500 shares worth $9,785.

TRC Company Profile

Tejon Ranch Co. (Tejon), incorporated on March 20, 1987, is a diversified real estate development and agribusiness company. The Firm operates through five business divisions: commercial/industrial real estate development; resort/residential real estate development; mineral resources; farming, and ranch operations. The Company’s activities consist of land planning and entitlement, land development, commercial sales and leasing, leasing of land for mineral royalties, water asset management and sales, grazing leases, income portfolio management, farming and ranch operations. It is also engaged in commercial sales and leasing at its operational commercial/industrial center.

More notable recent Tejon Ranch Company (NYSE:TRC) news were published by: Latimes.com which released: “Outdoor enthusiasts get to roam Tejon Ranch — for a price” on July 05, 2016, also Latimes.com with their article: “Tejon Ranch targets commercial development for growth” published on September 29, 2014, Thestreet.com published: “Tejon Ranch Co Stock Downgraded (TRC)” on February 11, 2014. More interesting news about Tejon Ranch Company (NYSE:TRC) were released by: Businesswire.com and their article: “Tejon Ranch Co. Names General Counsel” published on March 14, 2016 as well as Businesswire.com‘s news article titled: “Tejon Ranch Co. Reports Third Quarter and Year-to-Date 2016 Results of Operations” with publication date: November 07, 2016.

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By Hazel Jackson


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