Trueblue Inc (NYSE:TBI) on Focus After Report of More Shorts

September 30, 2018 - By Catherine Diaz

TrueBlue, Inc. (NYSE:TBI) Logo

Investors sentiment decreased to 0.95 in 2018 Q2. Its down 0.20, from 1.15 in 2018Q1. It is negative, as 12 investors sold TrueBlue, Inc. shares while 68 reduced holdings. 26 funds opened positions while 50 raised stakes. 36.82 million shares or 2.05% less from 37.59 million shares in 2018Q1 were reported.
Globeflex Capital Lp invested in 0.36% or 64,792 shares. Moreover, Schroder Investment Management Grp has 0% invested in TrueBlue, Inc. (NYSE:TBI). Strs Ohio accumulated 36,600 shares. British Columbia – Canada-based Numerixs Technologies has invested 0.02% in TrueBlue, Inc. (NYSE:TBI). Sterling Cap Mgmt reported 37,513 shares. Teachers Retirement System Of The State Of Kentucky invested in 15,388 shares. 99,779 were reported by Qs Investors Limited Company. Alaska-based State Of Alaska Department Of Revenue has invested 0.01% in TrueBlue, Inc. (NYSE:TBI). Louisiana State Employees Retirement Systems reported 18,500 shares. Prelude Capital Mgmt Ltd Liability Corp owns 0% invested in TrueBlue, Inc. (NYSE:TBI) for 1,200 shares. Dimensional Fund Limited Partnership holds 0.03% or 2.55 million shares in its portfolio. Cambridge Inv Research owns 27,315 shares for 0.01% of their portfolio. New York-based Mackay Shields Lc has invested 0.02% in TrueBlue, Inc. (NYSE:TBI). Element Limited Liability Corp holds 0.01% or 9,018 shares in its portfolio. Connor Clark And Lunn Invest Mgmt holds 0% of its portfolio in TrueBlue, Inc. (NYSE:TBI) for 30,550 shares.

The stock of Trueblue Inc (NYSE:TBI) registered an increase of 12.78% in short interest. TBI’s total short interest was 872,100 shares in September as published by FINRA. Its up 12.78% from 773,300 shares, reported previously. With 163,300 shares average volume, it will take short sellers 5 days to cover their TBI’s short positions. The short interest to Trueblue Inc’s float is 2.21%.

The stock increased 2.36% or $0.6 during the last trading session, reaching $26.05. About 330,082 shares traded or 49.17% up from the average. TrueBlue, Inc. (NYSE:TBI) has risen 26.68% since September 30, 2017 and is uptrending. It has outperformed by 11.06% the S&P500.

TrueBlue, Inc. provides contingent staffing, recruitment process outsourcing, and contingent staffing management services in the United States, Canada, and Puerto Rico. The company has market cap of $1.02 billion. It operates through three divisions: PeopleReady, PeopleManagement, and PeopleScout. It has a 16.63 P/E ratio. The PeopleReady segment offers a range of staffing solutions for blue-collar, contingent on-demand, and skilled labor in retail, manufacturing, warehousing, logistics, energy, construction, hospitality, and other industries under Labor Ready, CLP Resources, and Spartan Staffing brand names.

TrueBlue, Inc. (NYSE:TBI) Institutional Positions Chart

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