It Seems Ballantyne Strong Incorporated (NYSEMKT:BTN) Will Go Down. Just Reported More Shorted Shares

September 17, 2017 - By Marry Poplack

 It Seems Ballantyne Strong Incorporated (NYSEMKT:BTN) Will Go Down. Just Reported More Shorted Shares

Investors sentiment decreased to 0.79 in Q4 2016. Its down 0.63, from 1.42 in 2016Q3. It dived, 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.
Retail Bank Of America De, a North Carolina-based fund reported 200 shares. Wells Fargo And Mn holds 0% or 1,000 shares in its portfolio. Blackrock Institutional Na owns 47,108 shares. Sg Cap Mgmt Limited Liability Com reported 87,226 shares stake. 2,025 were reported by Blackrock Invest Management Ltd Llc. Blackrock Fund Advsrs owns 33,134 shares or 0% of their US portfolio. Bridgeway Capital Mngmt has invested 0.01% of its portfolio in Ballantyne Strong Inc (NYSEMKT:BTN). California Employees Retirement Systems has 0% invested in Ballantyne Strong Inc (NYSEMKT:BTN). Ariel Ltd Liability reported 0.15% of its portfolio in Ballantyne Strong Inc (NYSEMKT:BTN). Manatuck Hill Ltd Llc has 179,916 shares for 0.7% of their portfolio. Commercial Bank Of Mellon owns 17,134 shares. Panagora Asset Mngmt accumulated 3,737 shares. Perritt Mgmt has invested 0.29% in Ballantyne Strong Inc (NYSEMKT:BTN). Dimensional Fund Advsr L P stated it has 0% in Ballantyne Strong Inc (NYSEMKT:BTN). Ancora Advisors Lc reported 82,619 shares stake.

Since June 1, 2017, it had 2 insider buys, and 0 sales for $101,015 activity. Cerminara Kyle bought $39,600 worth of Ballantyne Strong Inc (NYSEMKT:BTN) on Thursday, June 1.

The stock of Ballantyne Strong Incorporated (NYSEMKT:BTN) registered an increase of 95.3% in short interest. BTN’s total short interest was 62,300 shares in September as published by FINRA. Its up 95.3% from 31,900 shares, reported previously. With 20,900 shares average volume, it will take short sellers 3 days to cover their BTN’s short positions. The short interest to Ballantyne Strong Incorporated’s float is 0.61%.

The stock increased 0.76% or $0.05 on September 15, reaching $6.6. About 20,677 shares traded. Ballantyne Strong Inc (NYSEMKT:BTN) has risen 27.37% since September 17, 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 $95.15 million. The Company’s business activities focus on serving the cinema, retail, financial and government markets. It currently has negative earnings. 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: Seekingalpha.com which released: “Cash Is King: Activists Target Ballantyne Strong, Inc.” on September 23, 2016, also Omaha.com with their article: “Ballantyne Strong will cut ties with two offices in China” published on June 28, 2016, Businesswire.com published: “Ballantyne Strong Announces Management Team Changes” on November 03, 2015. More interesting news about Ballantyne Strong Inc (NYSEMKT:BTN) were released by: Businesswire.com and their article: “Ballantyne Strong Acquires Common Shares of Itasca Capital Ltd.” published on September 09, 2016 as well as Seekingalpha.com‘s news article titled: “Ballantyne Strong’s (BTN) CEO Kyle Cerminara on Q4 2016 Results – Earnings …” with publication date: March 16, 2017.

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