Short Interest in Pope Resources (NASDAQ:POPE) Increases By 6.7%

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Pope Resources (NASDAQ:POPE) was the recipient of a significant growth in short interest in October. As of October 31st, there was short interest totalling 1,600 shares, a growth of 6.7% from the September 30th total of 1,500 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,800 shares, the short-interest ratio is presently 0.9 days.

An institutional investor recently raised its position in Pope Resources stock. Hunter Associates Investment Management LLC grew its holdings in shares of Pope Resources (NASDAQ:POPE) by 21.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,300 shares of the construction company’s stock after purchasing an additional 1,450 shares during the quarter. Hunter Associates Investment Management LLC owned about 0.19% of Pope Resources worth $566,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 8.66% of the company’s stock.

Pope Resources stock traded up $3.09 during midday trading on Friday, reaching $85.44. The stock had a trading volume of 2,800 shares, compared to its average volume of 2,166. The firm has a market cap of $367.99 million, a price-to-earnings ratio of 64.50 and a beta of 0.28. The firm’s fifty day simple moving average is $75.50 and its two-hundred day simple moving average is $70.61. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.33 and a quick ratio of 0.33. Pope Resources has a twelve month low of $62.50 and a twelve month high of $87.00.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 4.68%.

A number of equities analysts recently commented on POPE shares. BidaskClub raised shares of Pope Resources from a “buy” rating to a “strong-buy” rating in a research note on Friday. TheStreet raised shares of Pope Resources from a “c+” rating to a “b-” rating in a research note on Wednesday, September 25th.

Pope Resources Company Profile

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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