What’s Trueblue Inc (NYSE:TBI) Upside After This Short Interest Decrease?

July 13, 2018 - By Benjamin Allen

TrueBlue, Inc. (NYSE:TBI) Logo

Investors sentiment increased to 1.15 in Q1 2018. Its up 0.27, from 0.88 in 2017Q4. It is positive, as 9 investors sold TrueBlue, Inc. shares while 63 reduced holdings. 26 funds opened positions while 57 raised stakes. 37.59 million shares or 1.38% more from 37.08 million shares in 2017Q4 were reported.
Guggenheim Capital Limited Liability Company invested in 0% or 48,436 shares. Bridgeway Cap Mngmt owns 152,300 shares or 0.04% of their US portfolio. Tci Wealth has 0% invested in TrueBlue, Inc. (NYSE:TBI). Northern has 522,603 shares. Glenmede Tru Na has 128 shares for 0% of their portfolio. Convergence Ltd Llc holds 0% or 821 shares in its portfolio. 19,715 were reported by Los Angeles And Equity Research. Arrowstreet Cap Lp reported 307,138 shares. Ny State Common Retirement Fund reported 77,809 shares stake. 64,209 are held by Credit Suisse Ag. Pub Employees Retirement Sys Of Ohio invested in 0% or 29,604 shares. Goldman Sachs Group holds 0% or 272,016 shares. Clarivest Asset Mgmt Ltd Liability holds 272,173 shares. Mason Street Limited Liability Co invested 0.01% in TrueBlue, Inc. (NYSE:TBI). 383,719 are held by Geode Cap Mngmt Ltd Liability Corp.

The stock of Trueblue Inc (NYSE:TBI) registered a decrease of 3.41% in short interest. TBI’s total short interest was 958,500 shares in July as published by FINRA. Its down 3.41% from 992,300 shares, reported previously. With 134,000 shares average volume, it will take short sellers 7 days to cover their TBI’s short positions. The short interest to Trueblue Inc’s float is 2.39%.

It closed at $27 lastly. It is down 3.38% since July 13, 2017 and is downtrending. It has underperformed by 15.95% the S&P500.

TrueBlue, Inc. provides contingent staffing, recruitment process outsourcing, and contingent staffing management services in the United States, Canada, and Puerto Rico. The company has market cap of $1.07 billion. It operates through three divisions: PeopleReady, PeopleManagement, and PeopleScout. It has a 18.54 P/E ratio. The PeopleReady segment offers a range of staffing solutions for blue-collar, contingent on-demand, and skilled labor in retail, manufacturing, warehousing, logistics, energy, construction, hospitality, and other industries under Labor Ready, CLP Resources, and Spartan Staffing brand names.

TrueBlue, Inc. (NYSE:TBI) Ratings Coverage

Among 2 analysts covering Trueblue Inc (NYSE:TBI), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Trueblue Inc had 3 analyst reports since January 22, 2018 according to SRatingsIntel. The firm earned “Hold” rating on Monday, January 22 by BMO Capital Markets. Robert W. Baird maintained the stock with “Hold” rating in Wednesday, February 7 report. BMO Capital Markets maintained the stock with “Market Perform” rating in Thursday, February 8 report.

Another recent and important TrueBlue, Inc. (NYSE:TBI) news was published by Seekingalpha.com which published an article titled: “TrueBlue Is Bringing An Umbrella To A Tsunami” on July 02, 2018.

TrueBlue, Inc. (NYSE:TBI) Institutional Positions Chart

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