Berry Co. (NASDAQ:BRY) short interest rose 27.7% in September

Berry Co. (NASDAQ:BRY – Get Free Report ) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 3,000,000 shares, an increase of 27.7% from its August 31st total of 2,350,000 shares. About 4.0% of the stock’s shares are short sold. Based on an average daily volume of 945,900 shares, the short interest rate is currently 3.2 days.

Analysts on Wall Street are forecasting an increase

Separately, Piper Sandler reduced their target price on shares of Berry from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Thursday, August 15th.

Read our latest report on BRY

The price performance of berries

Shares of NASDAQ:BRY traded up $0.18 on Friday, hitting $5.03. The company’s stock had a trading volume of 934,231 shares, compared to its average volume of 1,032,243. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.62, and a quick ratio of 0.62. The company has a 50-day simple moving average of $5.97 and a 200-day simple moving average of $6.86. The company has a market cap of $387.00 million, a PE ratio of 503.00 and a beta of 1.73. Berry has a one year low of $4.82 and a one year high of $8.91.

Berry (NASDAQ:BRY – Get Free Report ) last announced its earnings results on Friday, August 9th. The energy company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.02). The company had revenue of $197.80 million for the quarter, compared to the consensus estimate of $187.38 million. Berry had a negative net margin of 4.19% and a positive return on equity of 6.69%. The company’s revenue for the quarter was down 13.8% compared to the same quarter last year. In the same quarter last year, the company earned $0.15 per share. sell-side analysts forecast that Berry will post 0.59 EPS for the current fiscal year.

Berry dividend announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 23rd were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, August 23. This represents a dividend of $0.48 on an annualized basis and a yield of 9.54%. Berry’s payout ratio is 4,800.00%.

Insider buying and selling

In other Berry news, CEO Fernando Araujo sold 33,950 shares of Berry stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $6.22, for a total transaction of $211,169.00. Following the completion of the transaction, the chief executive officer now owns 253,045 shares of the company’s stock, valued at approximately $1,573,939.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed via this link. 1.00% of shares are currently owned by insiders.

Hedge funds weigh in on the berries

Hedge funds and other institutional investors have recently modified their holdings of the company. Diversified Trust Co boosted its holdings in shares of Berry by 7.2% in the 1st quarter. Diversified Trust Co now owns 21,514 shares of the energy company’s stock valued at $173,000 after purchasing an additional 1,450 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of Berry by 9.3% in the second quarter. Arizona State Retirement System now owns 20,462 shares of the energy company’s stock worth $132,000 after purchasing an additional 1,747 shares during the last quarter. Meeder Asset Management Inc. grew its holdings in shares of Berry by 43.5% during the second quarter. Meeder Asset Management Inc. now owns 7,212 shares of the energy company’s stock valued at $47,000 after buying an additional 2,186 shares during the last quarter. SummerHaven Investment Management LLC raised its position in Berry by 2.2% in the second quarter. SummerHaven Investment Management LLC now owns 103,413 shares of the energy company’s stock worth $668,000 after buying an additional 2,216 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Berry by 16.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 21,664 shares of the energy company’s stock valued at $175,000 after purchasing an additional 2,999 shares in the last quarter. 94.88% of the shares are currently held by hedge funds and other institutional investors.

About Berry

(Get a free report)

Berry Petroleum Company, LLC., formerly Berry Petroleum Company, is an independent energy company. The company is engaged in the production, development, exploitation and acquisition of oil and natural gas. The Company’s principal reserves and producing properties are located in California (South Midway-Sunset (SMWSS)-Steam Floods, North Midway-Sunset (NMWSS)-Diatomite, NMWSS-New Steam Floods, Texas (Permian and E.

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