Barrett Business Services Inc (NASDAQ:BBSI) Short Interest Increased By 3.98%

March 19, 2018 - By Winifred Garcia

 Barrett Business Services Inc (NASDAQ:BBSI) Short Interest Increased By 3.98%

Investors sentiment increased to 1.08 in 2017 Q3. Its up 0.27, from 0.81 in 2017Q2. It increased, as 6 investors sold Barrett Business Services, Inc. shares while 32 reduced holdings. 14 funds opened positions while 27 raised stakes. 5.25 million shares or 2.30% more from 5.13 million shares in 2017Q2 were reported.
Spark Inv Mgmt Limited Liability Corp holds 0.05% or 17,200 shares in its portfolio. Hutchin Hill Cap Limited Partnership, a New York-based fund reported 9,200 shares. The Texas-based Dimensional Fund Ltd Partnership has invested 0.01% in Barrett Business Services, Inc. (NASDAQ:BBSI). Tradewinds Mgmt Ltd Limited Liability Company stated it has 0% of its portfolio in Barrett Business Services, Inc. (NASDAQ:BBSI). Moreover, Cap World has 0.01% invested in Barrett Business Services, Inc. (NASDAQ:BBSI) for 580,000 shares. 125,776 are owned by Boston Prns. Deutsche Natl Bank Ag has 0% invested in Barrett Business Services, Inc. (NASDAQ:BBSI) for 26,293 shares. Nationwide Fund Advsrs reported 3,871 shares. Pacific Ridge Prtnrs Ltd accumulated 1.53% or 95,653 shares. Renaissance Technologies, New York-based fund reported 305,700 shares. Royal Bank Of Canada accumulated 493 shares. Martingale Asset Management L P owns 14,702 shares. Ameritas Inv Partners Inc holds 0% of its portfolio in Barrett Business Services, Inc. (NASDAQ:BBSI) for 606 shares. Balyasny Asset Mgmt Limited Liability Com accumulated 5,967 shares or 0% of the stock. Numeric Investors Ltd Llc holds 0.04% of its portfolio in Barrett Business Services, Inc. (NASDAQ:BBSI) for 82,197 shares.

Since March 14, 2018, it had 0 buys, and 1 insider sale for $51,622 activity.

The stock of Barrett Business Services Inc (NASDAQ:BBSI) registered an increase of 3.98% in short interest. BBSI’s total short interest was 78,400 shares in March as published by FINRA. Its up 3.98% from 75,400 shares, reported previously. With 40,200 shares average volume, it will take short sellers 2 days to cover their BBSI’s short positions. The short interest to Barrett Business Services Inc’s float is 1.12%.

The stock decreased 0.07% or $0.06 during the last trading session, reaching $86.24. About 150 shares traded. Barrett Business Services, Inc. (NASDAQ:BBSI) has risen 104.09% since March 19, 2017 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 $629.90 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 25.9 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.

Barrett Business Services, Inc. (NASDAQ:BBSI) Ratings Coverage

Among 2 analysts covering Barrett Business (NASDAQ:BBSI), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Barrett Business had 2 analyst reports since September 30, 2015 according to SRatingsIntel. Sidoti initiated the stock with “Buy” rating in Wednesday, September 30 report. The rating was maintained by Roth Capital on Wednesday, March 7 with “Buy”.

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