Short Interest in Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) Decreases By 16.4%

Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) was the target of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 571,700 shares, a decrease of 16.4% from the March 15th total of 683,600 shares. Based on an average trading volume of 79,000 shares, the short-interest ratio is currently 7.2 days. Currently, 1.5% of the company’s shares are sold short.

Concrete Pumping Trading Down 1.9 %

NASDAQ BBCP traded down $0.14 during mid-day trading on Monday, reaching $7.13. 58,417 shares of the stock were exchanged, compared to its average volume of 78,104. The stock has a market cap of $384.09 million, a P/E ratio of 20.37 and a beta of 1.08. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.10 and a quick ratio of 1.01. Concrete Pumping has a one year low of $6.12 and a one year high of $9.15. The stock has a 50 day simple moving average of $7.92 and a 200-day simple moving average of $7.87.

Concrete Pumping (NASDAQ:BBCP) last posted its quarterly earnings data on Thursday, March 7th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.05). The business had revenue of $97.71 million during the quarter, compared to the consensus estimate of $98.25 million. Concrete Pumping had a return on equity of 7.76% and a net margin of 4.81%. On average, analysts anticipate that Concrete Pumping will post 0.45 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA raised its holdings in shares of Concrete Pumping by 54.1% during the second quarter. BNP Paribas Arbitrage SA now owns 6,536 shares of the company’s stock valued at $40,000 after purchasing an additional 2,295 shares during the period. Citigroup Inc. bought a new position in Concrete Pumping in the second quarter worth approximately $62,000. UBS Group AG grew its stake in Concrete Pumping by 409.2% in the fourth quarter. UBS Group AG now owns 10,570 shares of the company’s stock valued at $62,000 after acquiring an additional 8,494 shares during the period. Susquehanna International Group LLP bought a new stake in shares of Concrete Pumping during the fourth quarter valued at approximately $62,000. Finally, MetLife Investment Management LLC bought a new stake in shares of Concrete Pumping during the fourth quarter valued at approximately $82,000. 34.20% of the stock is owned by institutional investors.

Concrete Pumping Company Profile

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.