Insteel Industries Inc (NASDAQ:IIIN) Shorts Decreased by 21.52% After Short Covering

Investors sentiment increased to 1.4 in Q2 2019. Its up 0.30, from 1.1 in 2019Q1. It increased, as 13 investors sold Insteel Industries, Inc. shares while 29 reduced holdings. 20 funds opened positions while 39 raised stakes. 15.34 million shares or 3.26% more from 14.86 million shares in 2019Q1 were reported.
Lpl Fincl Ltd Liability invested 0% of its portfolio in Insteel Industries, Inc. (NASDAQ:IIIN). Panagora Asset has invested 0% in Insteel Industries, Inc. (NASDAQ:IIIN). Employees Retirement System Of Texas owns 43,000 shares or 0.01% of their US portfolio. Retail Bank Of New York Mellon Corp holds 0% or 243,638 shares in its portfolio. Benjamin F Edwards Co has invested 0% in Insteel Industries, Inc. (NASDAQ:IIIN). Bnp Paribas Arbitrage holds 3,028 shares or 0% of its portfolio. First Washington has 204,850 shares. Bruce & holds 0.84% of its portfolio in Insteel Industries, Inc. (NASDAQ:IIIN) for 190,000 shares. Pub Sector Pension Investment Board accumulated 38,393 shares. Great West Life Assurance Com Can holds 24,263 shares. State Of Alaska Department Of Revenue owns 6,225 shares or 0% of their US portfolio. Stone Ridge Asset Mgmt Lc holds 0.02% or 14,345 shares in its portfolio. Ls Advsr Ltd Company reported 0% of its portfolio in Insteel Industries, Inc. (NASDAQ:IIIN). Parkside Bancorporation Tru has 30 shares for 0% of their portfolio. Dimensional Fund Advsrs Lp reported 1.29 million shares.

Since April 22, 2019, it had 2 insider buys, and 0 insider sales for $109,221 activity. Shares for $89,300 were bought by THOMPSON G KENNEDY.

The stock of Insteel Industries Inc (NASDAQ:IIIN) registered a decrease of 21.52% in short interest. IIIN’s total short interest was 588,900 shares in September as published by FINRA. Its down 21.52% from 750,400 shares, reported previously. With 132,100 shares average volume, it will take short sellers 5 days to cover their IIIN’s short positions. The short interest to Insteel Industries Inc’s float is 3.23%.

The stock increased 0.11% or $0.03 during the last trading session, reaching $22.08. About 77,826 shares traded. Insteel Industries, Inc. (NASDAQ:IIIN) has declined 51.74% since September 13, 2018 and is downtrending. It has underperformed by 51.74% the S&P500.

Insteel Industries, Inc., together with its subsidiaries, makes and markets steel wire reinforcing products for concrete construction applications. The company has market cap of $424.98 million. The firm markets prestressed concrete strand and welded wire reinforcement (WWR). It has a 25.67 P/E ratio. The Company’s PC strand is a seven-wire strand that is used to impart compression forces into precast concrete elements and structures providing reinforcement for bridges, parking decks, buildings, and other concrete structures.

More notable recent Insteel Industries, Inc. (NASDAQ:IIIN) news were published by: Finance.Yahoo.com which released: “Who Has Been Buying Insteel Industries, Inc. (NASDAQ:IIIN) Shares? – Yahoo Finance” on September 02, 2019, also Globenewswire.com with their article: “NATIONALLY RANKED ROSEN LAW FIRM Reminds Karyopharm Therapeutics Inc. Investors of Important September 23rd Deadline in Securities Class Action; ENCOURAGES INVESTORS WITH LOSSES IN EXCESS OF $100K TO CONTACT THE FIRM – KPTI – GlobeNewswire” published on September 10, 2019, Globenewswire.com published: “La Jolla Pharmaceutical Company Receives European Commission Approval for GIAPREZAâ„¢ (angiotensin II) – GlobeNewswire” on August 29, 2019. More interesting news about Insteel Industries, Inc. (NASDAQ:IIIN) were released by: Globenewswire.com and their article: “ROSEN, A GLOBALLY RECOGNIZED LAW FIRM, Reminds Karyopharm Therapeutics Inc. Investors of Important September 23rd Deadline in Securities Class Action – KPTI – GlobeNewswire” published on September 12, 2019 as well as Globenewswire.com‘s news article titled: “ROSEN, A TOP RANKED LAW FIRM, Reminds Karyopharm Therapeutics Inc. Investors of Important September 23rd Deadline in Securities Class Action – KPTI – GlobeNewswire” with publication date: August 29, 2019.

Insteel Industries, Inc. (NASDAQ:IIIN) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.