Short Interest in Barnwell Industries, Inc. (NYSEAMERICAN:BRN) Expands By 41.4%

Barnwell Industries, Inc. (NYSEAMERICAN:BRN) was the target of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 8,200 shares, a growth of 41.4% from the September 30th total of 5,800 shares. Based on an average daily volume of 42,500 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the shares of the stock are short sold.

BRN stock remained flat at $$0.42 during trading on Monday. 2,400 shares of the company traded hands, compared to its average volume of 24,357. Barnwell Industries has a 1-year low of $0.30 and a 1-year high of $1.80.

Barnwell Industries (NYSEAMERICAN:BRN) last posted its quarterly earnings data on Monday, August 12th. The energy company reported ($0.16) earnings per share for the quarter. The company had revenue of $3.41 million for the quarter.

About Barnwell Industries

Barnwell Industries, Inc acquires, develops, produces, and sells oil and natural gas in Canada. The company operates through three segments: Oil and Natural Gas, Land Investment, and Contract Drilling. The company also invests in land interests in Hawaii. In addition, it owns and operates four water well drilling rigs, two pump rigs, and other ancillary drilling and pump equipment; drills water and water monitoring wells of various depths; installs and repairs water pumping systems; and distributes Floway pumps and equipment in Hawaii.

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