What’s Barrett Business Services Incorporated (NASDAQ:BBSI) Upside After This Short Interest Decrease?

December 8, 2017 - By Stephen Andrade

 What's Barrett Business Services Incorporated (NASDAQ:BBSI) Upside After This Short Interest Decrease?

Investors sentiment decreased to 0.81 in Q2 2017. Its down 0.50, from 1.31 in 2017Q1. It turned negative, as 8 investors sold Barrett Business Services, Inc. shares while 34 reduced holdings. 12 funds opened positions while 22 raised stakes. 5.13 million shares or 3.41% more from 4.97 million shares in 2017Q1 were reported.
62,885 were reported by Ironwood Invest Ltd Liability Co. Menta Cap invested 0.11% in Barrett Business Services, Inc. (NASDAQ:BBSI). Citigroup reported 0% of its portfolio in Barrett Business Services, Inc. (NASDAQ:BBSI). Bnp Paribas Arbitrage owns 827 shares for 0% of their portfolio. Numeric Invsts Ltd Liability Corp holds 0.04% or 87,197 shares in its portfolio. Rhumbline Advisers reported 8,610 shares or 0% of all its holdings. Spark Invest Mngmt Ltd Company owns 0.08% invested in Barrett Business Services, Inc. (NASDAQ:BBSI) for 21,700 shares. Kennedy Cap Incorporated reported 0.19% in Barrett Business Services, Inc. (NASDAQ:BBSI). Eagleclaw Capital Managment Ltd invested in 0.28% or 8,350 shares. California State Teachers Retirement System has 0% invested in Barrett Business Services, Inc. (NASDAQ:BBSI) for 12,500 shares. Vanguard Group Inc Inc has 357,932 shares. Bessemer Grp Inc accumulated 300 shares. Moors And Cabot owns 30,032 shares for 0.29% of their portfolio. Tieton Management holds 146,984 shares or 7.77% of its portfolio. Morgan Stanley, New York-based fund reported 53,790 shares.

The stock of Barrett Business Services Incorporated (NASDAQ:BBSI) registered a decrease of 35.48% in short interest. BBSI’s total short interest was 81,300 shares in December as published by FINRA. Its down 35.48% from 126,000 shares, reported previously. With 24,900 shares average volume, it will take short sellers 3 days to cover their BBSI’s short positions. The short interest to Barrett Business Services Incorporated’s float is 1.16%.

The stock increased 1.18% or $0.76 during the last trading session, reaching $65.05. About 59,386 shares traded or 89.97% up from the average. Barrett Business Services, Inc. (NASDAQ:BBSI) has risen 104.09% since December 8, 2016 and is uptrending. It has outperformed by 87.39% the S&P500.

Barrett Business Services, Inc. provides business management solutions for small and medium-sized companies in the United States. The company has market cap of $474.89 million. The firm has management platform that integrates a knowledge approach from the management consulting industry with tools from the human resource outsourcing industry. It has a 21.47 P/E ratio. It offers professional employer services, under which it enters into a client services agreement to establish a co-employment relationship with each client company, assuming responsibility for payroll, payroll taxes, workersÂ’ compensation coverage, and certain other administration functions for the clientÂ’s existing workforce.

More notable recent Barrett Business Services, Inc. (NASDAQ:BBSI) news were published by: Seekingalpha.com which released: “Barrett Business Services’ (BBSI) CEO Michael Elich on Q1 2017 Results …” on May 05, 2017, also Seekingalpha.com with their article: “Barrett Business Services’ (BBSI) CEO Mike Elich on Q4 2016 Results – Earnings …” published on March 08, 2017, Nasdaq.com published: “Barrett Business Services, Inc. (BBSI) Ex-Dividend Date Scheduled for November …” on November 21, 2017. More interesting news about Barrett Business Services, Inc. (NASDAQ:BBSI) were released by: Seekingalpha.com and their article: “Barrett Business Services’ (BBSI) CEO Michael Elich on Q2 2017 Results …” published on August 09, 2017 as well as Globenewswire.com‘s news article titled: “BBSI to Present at CJS Securities’ 17th Annual “New Ideas” Summer Conference” with publication date: July 06, 2017.

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