BHP Billiton PLC (BBL) Sees Large Growth in Short Interest
BHP Billiton PLC (NYSE:BBL) saw a significant growth in short interest in September. As of September 29th, there was short interest totalling 1,705,116 shares, a growth of 47.5% from the September 15th total of 1,155,773 shares. Based on an average daily trading volume, of 1,344,816 shares, the short-interest ratio is currently 1.3 days.
BHP Billiton PLC (NYSE BBL) opened at 36.47 on Friday. The firm’s 50-day moving average is $36.78 and its 200 day moving average is $33.57. The stock has a market capitalization of $97.08 billion, a PE ratio of 16.52 and a beta of 1.01. BHP Billiton PLC has a 52-week low of $28.73 and a 52-week high of $39.12.
The company also recently announced a None dividend, which was paid on Tuesday, September 26th. Shareholders of record on Friday, September 8th were issued a $0.86 dividend. The ex-dividend date of this dividend was Thursday, September 7th. This is a positive change from BHP Billiton PLC’s previous None dividend of $0.28. This represents a yield of 4.73%.
Institutional investors and hedge funds have recently bought and sold shares of the business. Oppenheimer Asset Management Inc. acquired a new stake in BHP Billiton PLC in the first quarter worth $108,000. Acrospire Investment Management LLC raised its holdings in BHP Billiton PLC by 113.6% in the second quarter. Acrospire Investment Management LLC now owns 4,700 shares of the mining company’s stock worth $145,000 after purchasing an additional 2,500 shares during the period. Cypress Wealth Advisors LLC raised its holdings in BHP Billiton PLC by 7.1% in the first quarter. Cypress Wealth Advisors LLC now owns 6,535 shares of the mining company’s stock worth $237,000 after purchasing an additional 435 shares during the period. Raymond James Financial Services Advisors Inc. raised its holdings in BHP Billiton PLC by 14.0% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 7,719 shares of the mining company’s stock worth $237,000 after purchasing an additional 947 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in BHP Billiton PLC by 27.1% in the first quarter. PNC Financial Services Group Inc. now owns 7,866 shares of the mining company’s stock worth $245,000 after purchasing an additional 1,678 shares during the period. Institutional investors own 4.10% of the company’s stock.
Several research analysts have issued reports on the company. Zacks Investment Research raised BHP Billiton PLC from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 8th. Jefferies Group LLC set a $34.00 price target on BHP Billiton PLC and gave the company a “hold” rating in a report on Thursday, August 17th. BidaskClub raised BHP Billiton PLC from a “strong sell” rating to a “sell” rating in a report on Friday, June 30th. Finally, ValuEngine cut BHP Billiton PLC from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 24th. One research analyst has rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. BHP Billiton PLC currently has an average rating of “Buy” and an average price target of $40.00.
ILLEGAL ACTIVITY WARNING: “BHP Billiton PLC (BBL) Sees Large Growth in Short Interest” was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this story on another website, it was stolen and republished in violation of United States & international copyright & trademark legislation. The correct version of this story can be accessed at https://www.thecerbatgem.com/2017/10/22/bhp-billiton-plc-bbl-sees-large-growth-in-short-interest.html.
BHP Billiton PLC Company Profile
BHP Billiton Plc is a global resources company. The Company is a producer of various commodities, including iron ore, metallurgical coal, copper and uranium. Its segments include Petroleum, Copper, Iron Ore and Coal. The Petroleum segment is engaged in the exploration, development and production of oil and gas.
Receive News & Stock Ratings for BHP Billiton PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BHP Billiton PLC and related stocks with our FREE daily email newsletter.