Barnwell Industries, Inc. (NYSEAMERICAN:BRN) Short Interest Update

Barnwell Industries, Inc. (NYSEAMERICAN:BRNGet Rating) was the target of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 184,600 shares, an increase of 81.0% from the March 15th total of 102,000 shares. Approximately 3.5% of the shares of the stock are short sold. Based on an average daily volume of 693,800 shares, the short-interest ratio is presently 0.3 days.

NYSEAMERICAN BRN traded up $0.12 during trading hours on Friday, hitting $2.68. 899,240 shares of the stock were exchanged, compared to its average volume of 648,813. Barnwell Industries has a 12-month low of $2.00 and a 12-month high of $6.38. The stock has a market capitalization of $26.68 million, a P/E ratio of 3.72 and a beta of 0.60.

Barnwell Industries (NYSEAMERICAN:BRNGet Rating) last announced its earnings results on Friday, February 11th. The energy company reported $0.11 earnings per share (EPS) for the quarter. Barnwell Industries had a net margin of 34.52% and a return on equity of 244.31%. The firm had revenue of $5.45 million for the quarter.

In other Barnwell Industries news, Director Colin R. O’farrell sold 9,260 shares of the business’s stock in a transaction on Monday, March 7th. The shares were sold at an average price of $4.46, for a total value of $41,299.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Joseph Eugene Magaro sold 80,000 shares of the business’s stock in a transaction on Tuesday, March 8th. The stock was sold at an average price of $5.11, for a total transaction of $408,800.00. The disclosure for this sale can be found here. Insiders own 13.10% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC raised its position in shares of Barnwell Industries by 28.3% during the 4th quarter. Renaissance Technologies LLC now owns 554,336 shares of the energy company’s stock worth $1,613,000 after buying an additional 122,168 shares in the last quarter. Acadian Asset Management LLC purchased a new position in shares of Barnwell Industries in the fourth quarter worth approximately $48,000. Two Sigma Investments LP purchased a new position in shares of Barnwell Industries in the third quarter worth approximately $59,000. Aristides Capital LLC purchased a new position in shares of Barnwell Industries in the third quarter worth approximately $32,000. Finally, Geode Capital Management LLC grew its position in Barnwell Industries by 598.9% during the third quarter. Geode Capital Management LLC now owns 98,857 shares of the energy company’s stock valued at $299,000 after purchasing an additional 84,712 shares in the last quarter. 8.56% of the stock is owned by institutional investors.

About Barnwell Industries (Get Rating)

Barnwell Industries, Inc acquires, develops, produces, and sells oil and natural gas in Canada. It operates through three segments: Oil and Natural Gas, Land Investment, and Contract Drilling. The company acquires and develops crude and natural gas assets in the province of Alberta; and invests in land interests in Hawaii.

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