November 28, 2016 - By Peter Erickson · 0 Comments
The stock of Barnwell Industries (NYSEMKT:BRN) registered a decrease of 10.1% in short interest. BRN’s total short interest was 17,800 shares in November as published by FINRA. Its down 10.1% from 19,800 shares, reported previously. With 2,100 shares average volume, it will take short sellers 9 days to cover their BRN’s short positions. The short interest to Barnwell Industries’s float is 0.51%. The stock closed at $1.67 during the last session. It is down 7.05% since April 25, 2016 and is uptrending. It has outperformed by 1.04% the S&P500.
Barnwell Industries, Inc. is engaged in the acquisition and development of oil and natural gas properties. The company has a market cap of $13.99 million. The Company’s four principal divisions are Oil and Natural Gas Segment, Land Investment Segment, Contract Drilling Segment and Residential Real Estate Segment. It has a 25.89 P/E ratio. The Company’s Oil and Natural segment is engaged in oil and natural gas development, acquisitions and sales in Canada.
Insitutional Activity: The institutional sentiment increased to 1 in 2016 Q2. Its up 0.25, from 0.75 in 2016Q1. The ratio improved, as 2 funds sold all Barnwell Industries, Inc. shares owned while 2 reduced positions. 0 funds bought stakes while 3 increased positions. They now own 800,104 shares or 1.63% less from 813,392 shares in 2016Q1.
Earnest Lc last reported 1,000 shares in the company. Savings Bank Of America De has 182 shares for 0% of their US portfolio. Manufacturers Life Com The holds 0% of its portfolio in Barnwell Industries, Inc. (NYSEMKT:BRN) for 327 shares. Blackrock Institutional Com Na holds 0% or 83,953 shares in its portfolio. Geode Capital Limited Liability Com accumulated 0% or 14,145 shares. Vanguard Gp Inc has invested 0% of its portfolio in Barnwell Industries, Inc. (NYSEMKT:BRN). Morgan Stanley reported 432 shares or 0% of all its holdings. Blackrock Fund has 690 shares for 0% of their US portfolio. California Employees Retirement Sys last reported 0% of its portfolio in the stock. Blackrock Limited Co holds 4,904 shares or 0% of its portfolio. Tower Research Limited Liability Company (Trc), a New York-based fund reported 308 shares. Renaissance Technology Lc last reported 69,800 shares in the company. Acadian Asset Mngmt Limited Liability Company accumulated 0% or 2,267 shares. Commercial Bank Of New York Mellon Corp last reported 0% of its portfolio in the stock. Dimensional Fund L P accumulated 482,116 shares or 0% of the stock.
Insider Transactions: Since September 23, 2016, the stock had 10 buys, and 0 selling transactions for $24,000 net activity. 2,000 shares with value of $3,200 were bought by Inglima Robert J. Jr. on Thursday, November 3.
Barnwell Industries, Inc., incorporated on December 5, 1956, is engaged in the acquisition and development of oil and natural gas properties. The Company’s four principal divisions are Oil and Natural Gas Segment, Land Investment Segment, Contract Drilling Segment and Residential Real Estate Segment. The Company’s Oil and Natural segment is engaged in oil and natural gas development, acquisitions and sales in Canada. The Company’s Land Investment Segment invests in land interests in Hawaii. The Company’s Contract Drilling Segment provides well drilling services and water pumping system installation and repairs in Hawaii. The Company’s Residential Real Estate segment develops homes for sale in Hawaii.
More important recent Barnwell Industries, Inc. (NYSEMKT:BRN) news were published by: Seekingalpha.com which released: “Barnwell Industries: Could Double With An SG&A Cut” on September 15, 2016, also Prnewswire.com published article titled: “Barnwell Industries, Inc.’s Largest Independent Stockholder Recommends …”, Seekingalpha.com published: “Barnwell Industries: A Case Of Hawaii Five-0 On Sale For 3.5 (BRN)” on December 23, 2014. More interesting news about Barnwell Industries, Inc. (NYSEMKT:BRN) was released by: Seekingalpha.com and their article: “A Bright Future for Barnwell Industries” with publication date: January 21, 2011.
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By Peter Erickson