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

Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) saw a large increase in short interest in December. As of December 31st, there was short interest totalling 409,700 shares, an increase of 31.1% from the December 15th total of 312,500 shares. Approximately 1.8% of the shares of the stock are short sold. Based on an average trading volume of 80,400 shares, the days-to-cover ratio is presently 5.1 days.

Concrete Pumping Price Performance

Shares of BBCP stock traded down $0.18 on Friday, reaching $8.79. 261,600 shares of the company were exchanged, compared to its average volume of 62,544. The company has a market cap of $470.53 million, a price-to-earnings ratio of 33.81 and a beta of 1.12. Concrete Pumping has a 1 year low of $5.05 and a 1 year high of $9.68. The business has a 50-day moving average price of $6.80 and a 200 day moving average price of $6.26. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.44 and a current ratio of 1.54.

Concrete Pumping (NASDAQ:BBCP) last announced its earnings results on Wednesday, January 8th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. Concrete Pumping had a return on equity of 6.25% and a net margin of 3.81%. Equities research analysts forecast that Concrete Pumping will post 0.36 earnings per share for the current fiscal year.

Concrete Pumping Dividend Announcement

The firm also recently announced 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 of this dividend is Friday, January 24th.

Institutional Investors Weigh In On Concrete Pumping

Large investors have recently modified their holdings of the business. Cubist Systematic Strategies LLC purchased a new position in Concrete Pumping during the second quarter worth approximately $26,000. Allspring Global Investments Holdings LLC purchased a new position in Concrete Pumping in the third quarter worth approximately $36,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Concrete Pumping in the second quarter valued at $42,000. SG Americas Securities LLC acquired a new position in shares of Concrete Pumping in the 4th quarter valued at $81,000. Finally, Hsbc Holdings PLC lifted its stake in shares of Concrete Pumping by 39.1% in the 2nd quarter. Hsbc Holdings PLC now owns 31,567 shares of the company’s stock valued at $195,000 after purchasing an additional 8,866 shares during the last quarter. Hedge funds and other institutional investors own 34.20% of the company’s stock.

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.