Short Interest Change: Ballantyne Strong Incorporated (NYSEMKT:BTN)’s Trend Up, Especially After Decreased Shorts

November 28, 2016 - By Ruchi Gupta   ·   0 Comments

Short Interest Change: Ballantyne Strong Incorporated (NYSEMKT:BTN)’s Trend Up, Especially After Decreased Shorts

The stock of Ballantyne Strong Incorporated (NYSEMKT:BTN) registered a decrease of 11.61% in short interest. BTN’s total short interest was 9,900 shares in November as published by FINRA. Its down 11.61% from 11,200 shares, reported previously. With 14,100 shares average volume, it will take short sellers 1 days to cover their BTN’s short positions. The short interest to Ballantyne Strong Incorporated’s float is 0.1%. About 700 shares traded hands. Ballantyne Strong Inc (NYSEMKT:BTN) has risen 51.84% since April 25, 2016 and is uptrending. It has outperformed by 45.83% the S&P500.

Ballantyne Strong, Inc. is a holding company. The company has a market cap of $100.48 million. The Company’s business activities focus on serving the cinema, retail, financial and government markets. It currently has negative earnings. The Firm and its subsidiaries design, integrate and install technology solutions for a range of applications; develop and deliver out-of-home messaging, advertising and communications; manufacture projection screens, and provide managed services, including monitoring of networked equipment to its customers.

Insitutional Activity: The institutional sentiment increased to 1.42 in Q2 2016. Its up 0.50, from 0.92 in 2016Q1. The ratio increased, as 5 funds sold all Ballantyne Strong Inc shares owned while 7 reduced positions. 4 funds bought stakes while 7 increased positions. They now own 5.24 million shares or 18.80% less from 6.46 million shares in 2016Q1.
Moreover, Blackrock Fund Advsrs has 0% invested in Ballantyne Strong Inc (NYSEMKT:BTN) for 30,000 shares. Moreover, Benchmark Capital Advsr has 0.07% invested in Ballantyne Strong Inc (NYSEMKT:BTN) for 17,000 shares. Ladenburg Thalmann Fincl Svcs Incorporated has invested 0% of its portfolio in Ballantyne Strong Inc (NYSEMKT:BTN). Geode Capital Mngmt Ltd Liability Com holds 0% or 65,729 shares in its portfolio. Ancora Advsr Ltd Company accumulated 134,819 shares or 0.08% of the stock. California Public Employees Retirement holds 0% of its portfolio in Ballantyne Strong Inc (NYSEMKT:BTN) for 78,538 shares. Blackrock Institutional Tru Co Na has invested 0% of its portfolio in Ballantyne Strong Inc (NYSEMKT:BTN). Morgan Stanley holds 2,249 shares or 0% of its portfolio. Ariel Invs Ltd Co last reported 0.12% of its portfolio in the stock. The New York-based Citigroup Incorporated has invested 0% in Ballantyne Strong Inc (NYSEMKT:BTN). Walleye Trading Ltd Liability Corporation has 683 shares for 0% of their US portfolio. State Of New Jersey Common Pension Fund D accumulated 0.01% or 510,000 shares. Bridgeway Mngmt Inc last reported 0.01% of its portfolio in the stock. Wells Fargo Mn has invested 0% of its portfolio in Ballantyne Strong Inc (NYSEMKT:BTN). Renaissance Llc holds 0% of its portfolio in Ballantyne Strong Inc (NYSEMKT:BTN) for 473,495 shares.

Insider Transactions: Since June 7, 2016, the stock had 7 insider buys, and 0 sales for $331,997 net activity. Another trade for 12,800 shares valued at $65,814 was bought by Fundamental Global Investors – LLC. The insider Cerminara Kyle bought $99,878. $8,591 worth of Ballantyne Strong Inc (NYSEMKT:BTN) was bought by Roschman Robert J on Thursday, September 15. Another trade for 800 shares valued at $5,160 was bought by Schilling Stephen L..

BTN Company Profile

Ballantyne Strong, Inc., incorporated on May 30, 1995, is a holding company. The Company’s business activities focus on serving the cinema, retail, financial and government markets. The Firm and its subsidiaries design, integrate and install technology solutions for a range of applications; develop and deliver out-of-home messaging, advertising and communications; manufacture projection screens, and provide managed services, including monitoring of networked equipment to its customers. The Firm operates through two divisions: Cinema and Digital Media. The Company’s Cinema activities include the sale of digital projection equipment, screens, and sound systems. The Company’s Digital Media activities include the delivery of end-to-end digital signage solutions, video communication solutions, content creation, and management and service of digital signage and digital cinema equipment. The Company’s products are distributed to the retail, financial, government and cinema markets throughout the world.

More notable recent Ballantyne Strong Inc (NYSEMKT:BTN) news were published by: Seekingalpha.com which released: “Ballantyne Strong: Still Interesting But Downside Protection Decreasing” on November 11, 2016, also Seekingalpha.com with their article: “Cash Is King: Activists Target Ballantyne Strong, Inc.” published on September 23, 2016, Businesswire.com published: “Ballantyne Strong Announces Management Team Changes” on November 03, 2015. More interesting news about Ballantyne Strong Inc (NYSEMKT:BTN) were released by: Seekingalpha.com and their article: “Ballantyne Strong: Adjusted Bottom Line Is Showing Promise” published on August 16, 2016 as well as Businesswire.com‘s news article titled: “Ballantyne Strong Sells Assets of Lighting Business to Syncrolite” with publication date: December 22, 2015.

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By Ruchi Gupta

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