Pope Resources (NASDAQ:POPE) Sees Large Growth in Short Interest

Pope Resources (NASDAQ:POPE) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 1,600 shares, a growth of 14.3% from the July 31st total of 1,400 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 3,900 shares, the days-to-cover ratio is presently 0.4 days.

Shares of NASDAQ:POPE traded down $0.50 during midday trading on Friday, reaching $70.50. The company’s stock had a trading volume of 771 shares, compared to its average volume of 1,100. The firm has a market capitalization of $309.21 million, a price-to-earnings ratio of 34.47 and a beta of 0.27. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.23 and a current ratio of 2.23. The firm has a 50 day moving average price of $69.93 and a two-hundred day moving average price of $68.30. Pope Resources has a fifty-two week low of $62.50 and a fifty-two week high of $73.25.

Pope Resources (NASDAQ:POPE) last announced its quarterly earnings data on Monday, August 5th. The construction company reported $0.50 earnings per share (EPS) for the quarter. The company had revenue of $28.00 million for the quarter. Pope Resources had a return on equity of 2.66% and a net margin of 6.08%.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 5.67%. The ex-dividend date is Friday, August 30th.

A hedge fund recently raised its stake in Pope Resources stock. Hunter Associates Investment Management LLC grew its holdings in Pope Resources (NASDAQ:POPE) by 17.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,850 shares of the construction company’s stock after purchasing an additional 1,000 shares during the quarter. Hunter Associates Investment Management LLC owned about 0.16% of Pope Resources worth $455,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 8.66% of the company’s stock.

About Pope Resources

Pope Resources, A Delaware Limited Partnership manages timber resources in the United States. The company operates in four segments: Partnership Timber, Funds Timber, Timberland Investment Management, and Real Estate. It is involved in growing, managing, harvesting, and marketing timber from the Partnership's 120,000 acres of direct timberland ownership in Washington; and private equity timber funds' 134,000 acres of timberland in Washington, Oregon, and California that co-owned with third-party investors.

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