Can Potbelly Corporation (NASDAQ:PBPB)’s Tomorrow Be Different? The Stock Had Decline in Shorts

August 9, 2018 - By Vernon Prom

Potbelly Corporation (NASDAQ:PBPB) Logo

Investors sentiment increased to 1.21 in Q1 2018. Its up 0.11, from 1.1 in 2017Q4. It improved, as 11 investors sold Potbelly Corporation shares while 22 reduced holdings. 16 funds opened positions while 24 raised stakes. 15.88 million shares or 1.47% less from 16.11 million shares in 2017Q4 were reported.
Royal Bank Of Canada stated it has 0% in Potbelly Corporation (NASDAQ:PBPB). Cmt Asset Management Limited reported 7.86% of its portfolio in Potbelly Corporation (NASDAQ:PBPB). Jacobs Levy Equity owns 0.06% invested in Potbelly Corporation (NASDAQ:PBPB) for 317,250 shares. Bluecrest Cap Ltd has invested 0.01% in Potbelly Corporation (NASDAQ:PBPB). Kennedy Cap holds 0.01% of its portfolio in Potbelly Corporation (NASDAQ:PBPB) for 63,591 shares. Tower Ltd Liability Com (Trc) holds 4,958 shares or 0.01% of its portfolio. North Star Investment Corporation invested in 1,100 shares or 0% of the stock. Wedge L Limited Partnership Nc has 75,000 shares for 0.01% of their portfolio. Jpmorgan Chase stated it has 0% of its portfolio in Potbelly Corporation (NASDAQ:PBPB). Amer Inc invested in 0% or 14,631 shares. Us Fincl Bank De stated it has 0% of its portfolio in Potbelly Corporation (NASDAQ:PBPB). Pnc Fincl Grp Incorporated stated it has 34 shares. State Common Retirement Fund holds 0% or 24,500 shares. Alyeska Lp owns 0.05% invested in Potbelly Corporation (NASDAQ:PBPB) for 429,500 shares. State Street Corporation has 455,892 shares for 0% of their portfolio.

Since March 1, 2018, it had 0 insider purchases, and 4 insider sales for $652,689 activity. The insider Younglove-Webb Julie sold 20,000 shares worth $262,000. REVORD MATTHEW J also sold $258,200 worth of Potbelly Corporation (NASDAQ:PBPB) shares.

The stock of Potbelly Corporation (NASDAQ:PBPB) registered a decrease of 7.45% in short interest. PBPB’s total short interest was 1.81M shares in August as published by FINRA. Its down 7.45% from 1.96M shares, reported previously. With 131,000 shares average volume, it will take short sellers 14 days to cover their PBPB’s short positions. The short interest to Potbelly Corporation’s float is 9.03%.

The stock increased 0.60% or $0.07 during the last trading session, reaching $12.62. About 21,221 shares traded. Potbelly Corporation (NASDAQ:PBPB) has risen 23.26% since August 9, 2017 and is uptrending. It has outperformed by 10.69% the S&P500.

Potbelly Corporation, through its subsidiaries, owns and operates Potbelly Sandwich Works sandwich shops in the United States. The company has market cap of $321.26 million. It also sells and administers franchises of Potbelly Sandwich Works sandwich shops. It currently has negative earnings. As of December 25, 2016, the firm operated 441 shops in 29 states and the District of Columbia, including 411 firm operated shops and 30 franchisees operated shops; and 13 international franchised shops, including 11 shops in the Middle East, 1 shop in the United Kingdom, and 1 shop in Canada.

More news for Potbelly Corporation (NASDAQ:PBPB) were recently published by: Seekingalpha.com, which released: “Potbelly to revamp menu” on July 18, 2018. Globenewswire.com‘s article titled: “Potbelly Corporation Reports Results for Second Fiscal Quarter 2018” and published on August 07, 2018 is yet another important article.

Potbelly Corporation (NASDAQ:PBPB) Institutional Positions Chart

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