Ballantyne Strong Incorporated (NYSEMKT:BTN) Shorted Shares Increased By 150%

June 19, 2017 - By Winifred Garcia

 Ballantyne Strong Incorporated (NYSEMKT:BTN) Shorted Shares Increased By 150%

Investors sentiment decreased to 0.79 in 2016 Q4. Its down 0.63, from 1.42 in 2016Q3. It worsened, as 4 investors sold Ballantyne Strong Inc shares while 10 reduced holdings. 1 funds opened positions while 10 raised stakes. 6.18 million shares or 2.41% less from 6.33 million shares in 2016Q3 were reported.
Deutsche Commercial Bank Ag holds 0% or 39,854 shares in its portfolio. Panagora Asset Management owns 0% invested in Ballantyne Strong Inc (NYSEMKT:BTN) for 3,737 shares. 1.60M were accumulated by Ariel Llc. California-based California Pub Employees Retirement has invested 0% in Ballantyne Strong Inc (NYSEMKT:BTN). Morgan Stanley, New York-based fund reported 2,249 shares. Moreover, Wells Fargo & Mn has 0% invested in Ballantyne Strong Inc (NYSEMKT:BTN). Moreover, Manufacturers Life Ins The has 0% invested in Ballantyne Strong Inc (NYSEMKT:BTN). Blackrock Fund Advsrs reported 0% of its portfolio in Ballantyne Strong Inc (NYSEMKT:BTN). Ny State Common Retirement Fund reported 222,872 shares. Ancora Advisors Limited Liability holds 82,619 shares. Vanguard Group Inc holds 0% or 444,643 shares. Nationwide Fund Advsr accumulated 3,325 shares. Blackrock Invest Lc holds 0% of its portfolio in Ballantyne Strong Inc (NYSEMKT:BTN) for 2,025 shares. 134,920 are owned by Bridgeway Capital Management. Benchmark Cap Advisors accumulated 48,000 shares.

Since June 1, 2017, it had 2 insider buys, and 0 insider sales for $101,015 activity. Shares for $61,415 were bought by Johnson Lewis M on Tuesday, June 13.

The stock of Ballantyne Strong Incorporated (NYSEMKT:BTN) registered an increase of 150% in short interest. BTN’s total short interest was 25,000 shares in June as published by FINRA. Its up 150% from 10,000 shares, reported previously. With 41,000 shares average volume, it will take short sellers 1 days to cover their BTN’s short positions. The short interest to Ballantyne Strong Incorporated’s float is 0.24%.

About 803 shares traded. Ballantyne Strong Inc (NYSEMKT:BTN) has risen 27.37% since June 19, 2016 and is uptrending. It has outperformed by 10.67% the S&P500.

Ballantyne Strong, Inc. is a holding company. The company has market cap of $96.21 million. The Company’s business activities focus on serving the cinema, retail, financial and government markets. It has a 47.97 P/E ratio. The Firm and its subsidiaries design, integrate and install technology solutions for a range of applications; develop and deliver out-of-home messaging, advertising and communications; manufacture projection screens, and provide managed services, including monitoring of networked equipment to its customers.

More notable recent Ballantyne Strong Inc (NYSEMKT:BTN) news were published by: Businesswire.com which released: “Ballantyne Strong Acquires Common Shares of Itasca Capital Ltd.” on September 09, 2016, also Seekingalpha.com with their article: “Ballantyne Strong Isn’t Looking So Strong” published on May 29, 2015, Streetinsider.com published: “Ballantyne Strong (BTN) Receives Non-Compliance Letter from NYSE Regarding …” on May 22, 2017. More interesting news about Ballantyne Strong Inc (NYSEMKT:BTN) were released by: Streetinsider.com and their article: “Form 8-K BALLANTYNE STRONG, INC. For: Mar 16” published on March 16, 2017 as well as Businesswire.com‘s news article titled: “Ballantyne Strong Announces Management Team Changes” with publication date: November 03, 2015.

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