Tejon Ranch CO (NYSE:TRC) Has Decline in Shorts

October 13, 2018 - By Adrian Mccoy

Tejon Ranch Co. (NYSE:TRC) Logo

Investors sentiment increased to 1.57 in 2018 Q2. Its up 0.41, from 1.16 in 2018Q1. It improved, as 6 investors sold Tejon Ranch Co. shares while 24 reduced holdings. 14 funds opened positions while 33 raised stakes. 19.18 million shares or 0.49% less from 19.27 million shares in 2018Q1 were reported.
National Bank & Trust Of America Corporation De accumulated 58,749 shares or 0% of the stock. Towerview Limited Liability reported 41.4% of its portfolio in Tejon Ranch Co. (NYSE:TRC). Bessemer Incorporated reported 600 shares or 0% of all its holdings. Geode Cap Mgmt Ltd Llc stated it has 167,947 shares. Royal Bankshares Of Canada holds 129 shares. Barrow Hanley Mewhinney And Strauss Ltd Liability Com accumulated 53,969 shares. Barclays Public Ltd Com invested in 2,360 shares. State Board Of Administration Of Florida Retirement Systems, Florida-based fund reported 29,628 shares. Levin Cap Strategies Lp holds 0.12% or 278,263 shares. Schwab Charles accumulated 94,561 shares or 0% of the stock. Lee Danner & Bass has 47,500 shares. 22,920 are owned by Rhumbline Advisers. Foundation Resources Mgmt Inc owns 156,355 shares. Granite Prtn Limited Co has 65,000 shares. Gamco Invsts Et Al has 619,894 shares.

The stock of Tejon Ranch CO (NYSE:TRC) registered a decrease of 2.66% in short interest. TRC’s total short interest was 659,800 shares in October as published by FINRA. Its down 2.66% from 677,800 shares, reported previously. With 65,500 shares average volume, it will take short sellers 10 days to cover their TRC’s short positions. The short interest to Tejon Ranch CO’s float is 3.45%.

The stock decreased 1.92% or $0.37 during the last trading session, reaching $18.88. About 163,525 shares traded or 100.26% up from the average. Tejon Ranch Co. (NYSE:TRC) has risen 9.42% since October 13, 2017 and is uptrending. It has underperformed by 6.20% the S&P500.

Tejon Ranch Co. operates as a diversified real estate development and agribusiness company. The company has market cap of $490.13 million. The firm operates through five divisions: Commercial/Industrial Real Estate Development, Resort/Residential Real Estate Development, Mineral Resources, Farming, and Ranch Operations. It has a 460.49 P/E ratio. The Commercial/Industrial Real Estate Development segment is involved in the entitling, planning, and permitting of land for development; construction of infrastructure; construction of pre-leased buildings; construction of buildings to be leased or sold; and sale of land to third parties for their own development.

Tejon Ranch Co. (NYSE:TRC) Institutional Positions Chart

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