Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) Short Interest Up 31.1% in January

Concrete Pumping Holdings, Inc. (NASDAQ:BBCP - Get Free Report) was the target of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 409,700 shares, an increase of 31.1% from the December 31st total of 312,500 shares. Approximately 1.8% of the company's stock are short sold. Based on an average daily trading volume, of 80,400 shares, the short-interest ratio is presently 5.1 days.

Institutional Trading of Concrete Pumping

Several large investors have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC acquired a new position in Concrete Pumping during the second quarter valued at $26,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Concrete Pumping during the third quarter worth approximately $36,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Concrete Pumping during the second quarter valued at approximately $42,000. SG Americas Securities LLC acquired a new position in Concrete Pumping in the 4th quarter valued at approximately $81,000. Finally, Hsbc Holdings PLC lifted its position in Concrete Pumping by 39.1% in the 2nd quarter. Hsbc Holdings PLC now owns 31,567 shares of the company's stock worth $195,000 after buying an additional 8,866 shares in the last quarter. 34.20% of the stock is owned by institutional investors and hedge funds.

Concrete Pumping Stock Down 1.0 %

BBCP stock traded down $0.09 during mid-day trading on Monday, hitting $8.38. 185,461 shares of the company were exchanged, compared to its average volume of 272,272. The company has a market capitalization of $443.88 million, a PE ratio of 32.40 and a beta of 1.14. The firm has a fifty day simple moving average of $7.36 and a 200 day simple moving average of $6.42. The company has a current ratio of 1.99, a quick ratio of 1.89 and a debt-to-equity ratio of 1.16. Concrete Pumping has a twelve month low of $5.05 and a twelve month high of $9.68.

Concrete Pumping (NASDAQ:BBCP - Get Free Report) last released its quarterly earnings data on Wednesday, January 8th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. Concrete Pumping had a net margin of 3.81% and a return on equity of 6.19%. On average, research analysts forecast that Concrete Pumping will post 0.43 earnings per share for the current fiscal year.

Concrete Pumping Announces Dividend

The company also recently disclosed a dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 24th will be paid a dividend of $1.00 per share. The ex-dividend date is Friday, January 24th.

About Concrete Pumping

Concrete Pumping Holdings, Inc provides concrete pumping and waste management services in the United States and the United Kingdom. The company offers concrete pumping services to general contractors and concrete finishing companies in the commercial, infrastructure, and residential sectors under the Brundage-Bone and Capital Pumping brands; and industrial cleanup and containment services primarily to customers in the construction industry under the Eco-Pan brand.