Important Short Interest Filing: What Next for Barrett Business Services Incorporated (NASDAQ:BBSI) Stock After Decrease in Shorted Shares?

November 25, 2016 - By Richard Conner   ·   0 Comments

Important Short Interest Filing: What Next for Barrett Business Services Incorporated (NASDAQ:BBSI) Stock After Decrease in Shorted Shares?

The stock of Barrett Business Services Incorporated (NASDAQ:BBSI) registered a decrease of 2.18% in short interest. BBSI’s total short interest was 175,400 shares in November as published by FINRA. Its down 2.18% from 179,300 shares, reported previously. With 44,800 shares average volume, it will take short sellers 4 days to cover their BBSI’s short positions. The short interest to Barrett Business Services Incorporated’s float is 2.51%. About 5,126 shares traded hands. Barrett Business Services, Inc. (NASDAQ:BBSI) has risen 77.51% since April 22, 2016 and is uptrending. It has outperformed by 72.10% the S&P500.

Barrett Business Services, Inc. is a well-known provider of business management solutions for small and mid-sized companies. The company has a market cap of $427.63 million. The Firm has developed a management platform that integrates a knowledge approach from the management consulting industry with tools from the human resource outsourcing industry. It has a 19.81 P/E ratio. BBSI’s core purpose is to advocate for business owners, particularly in the small and mid-sized business segment.

Insitutional Activity: The institutional sentiment increased to 1.74 in 2016 Q2. Its up 1.01, from 0.73 in 2016Q1. The ratio improved, as 17 funds sold all Barrett Business Services, Inc. shares owned while 28 reduced positions. 10 funds bought stakes while 23 increased positions. They now own 4.65 million shares or 4.51% less from 4.87 million shares in 2016Q1.
Foundry Partners Limited Liability Com holds 65,295 shares or 0.15% of its portfolio. Pnc Fincl Gp has 5,167 shares for 0% of their US portfolio. Moors & Cabot holds 0.3% of its portfolio in Barrett Business Services, Inc. (NASDAQ:BBSI) for 41,834 shares. New York State Teachers Retirement Sys owns 600 shares or 0% of their US portfolio. Kennedy Management Incorporated last reported 202,724 shares in the company. Lsv Asset accumulated 0% or 2,000 shares. Qs Invsts Limited Liability, a New York-based fund reported 47,052 shares. Blackrock Institutional Tru Na last reported 0% of its portfolio in the stock. Pdt Ptnrs Ltd Limited Liability Company reported 13,400 shares or 0.04% of all its holdings. Deere & reported 7,720 shares or 0.02% of all its holdings. State Street has 128,650 shares for 0% of their US portfolio. Boston accumulated 161,575 shares or 0.01% of the stock. Heartland has 579,170 shares for 1.35% of their US portfolio. Panagora Asset Mgmt Incorporated accumulated 0.01% or 32,507 shares. Goldman Sachs Gp last reported 0% of its portfolio in the stock.

BBSI Company Profile

Barrett Business Services, Inc. (BBSI), incorporated on July 1, 1965, is a well-known provider of business management solutions for small and mid-sized companies. The Firm has developed a management platform that integrates a knowledge approach from the management consulting industry with tools from the human resource outsourcing industry. BBSI’s core purpose is to advocate for business owners, particularly in the small and mid-sized business segment. The Firm offers two categories of services: Professional Employer Services (PEO) and Staffing. The Firm operates through a network of approximately 60 branch offices throughout California, Oregon, Washington, Arizona, Colorado, Idaho, Nevada, Utah, Delaware, Maryland, North Carolina and Virginia.

More important recent Barrett Business Services, Inc. (NASDAQ:BBSI) news were published by: Nasdaq.com which released: “Barrett Business Services, Inc. (BBSI) Ex-Dividend Date Scheduled for November …” on November 17, 2016, also Thestreet.com published article titled: “Commit To Purchase Barrett Business Services At $40, Earn 16.9% Annualized …”, Insurancejournal.com published: “Investigation Launched into Workers’ Comp Services Provider BBSI” on November 10, 2015. More interesting news about Barrett Business Services, Inc. (NASDAQ:BBSI) was released by: Prnewswire.com and their article: “Barrett Business Services, Inc. Investigated For Possible Violations Of The …” with publication date: March 10, 2016.

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By Richard Conner


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