TrueBlue, Inc. (NYSE:TBI) Stock Short Interest Falls 34.9%

Posted by Francis Steltz on Nov 3rd, 2026

TrueBlue, Inc. (NYSE:TBI – Get Free Report) was the target of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 424,240 shares, a decrease of 34.9% from the September 30th total of 651,528 shares. Approximately 1.5% of the shares of the company are short sold. Based on an average daily trading volume, of 199,903 shares, the short-interest ratio is presently 2.1 days.

TrueBlue Price Performance

Shares of NYSE TBI traded down $0.14 during midday trading on Tuesday, reaching $9.72. 62,647 shares of the company traded hands, compared to its average volume of 305,204. TrueBlue has a 12 month low of $3.18 and a 12 month high of $11.03. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.28 and a current ratio of 2.28. The stock’s 50-day simple moving average is $9.39 and its 200-day simple moving average is $6.80. The firm has a market cap of $296.07 million, a PE ratio of -5.18, a PEG ratio of 11.57 and a beta of 1.74.

TrueBlue (NYSE:TBI – Get Free Report) last announced its earnings results on Tuesday, August 4th. The business services provider reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.16. The business had revenue of $443.00 million during the quarter, compared to analysts’ expectations of $417.84 million. TrueBlue had a negative net margin of 3.35% and a negative return on equity of 6.26%. As a group, equities analysts anticipate that TrueBlue will post 0.06 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Wall Street Zen raised TrueBlue from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Robert W. Baird set a $9.50 price target on shares of TrueBlue in a report on Wednesday, August 5th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of TrueBlue in a research note on Tuesday, September 29th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $7.75.

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Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Pzena Investment Management LLC bought a new position in shares of TrueBlue in the second quarter worth about $21,543,000. BlackRock Inc. bought a new stake in shares of TrueBlue during the second quarter valued at approximately $15,550,000. Bank of America Corp DE increased its holdings in shares of TrueBlue by 43.0% in the first quarter. Bank of America Corp DE now owns 459,530 shares of the business services provider’s stock valued at $1,797,000 after purchasing an additional 138,229 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of TrueBlue by 128.7% in the first quarter. Renaissance Technologies LLC now owns 220,934 shares of the business services provider’s stock valued at $864,000 after purchasing an additional 124,334 shares in the last quarter. Finally, Manatuck Hill Partners LLC bought a new position in TrueBlue in the 2nd quarter worth approximately $1,115,000. 97.15% of the stock is owned by institutional investors.

TrueBlue Company Profile

(Get Free Report)

TrueBlue, Inc (NYSE:TBI) is a workforce solutions company that connects businesses with employees and provides staffing, recruiting and workforce management services. Its offerings support employers seeking temporary, contingent and permanent workers across a range of industries, including manufacturing, logistics, retail, hospitality, construction and other commercial sectors.

The company operates through several specialized brands. PeopleReady provides industrial and general labor staffing, while PeopleManagement offers on-site workforce management and contingent labor solutions.