Trinseo PLC (NYSE:TSE) Short Interest Down 34.8% in March

Trinseo PLC (NYSE:TSE) was the recipient of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 887,300 shares, a decrease of 34.8% from the February 28th total of 1,360,000 shares. Based on an average daily trading volume, of 338,900 shares, the days-to-cover ratio is presently 2.6 days. Currently, 2.7% of the company’s stock are short sold.

Trinseo Trading Down 5.7 %

Shares of NYSE TSE traded down $0.22 during mid-day trading on Friday, reaching $3.67. The company had a trading volume of 285,532 shares, compared to its average volume of 453,217. Trinseo has a 52-week low of $1.94 and a 52-week high of $7.05. The stock has a market cap of $130.14 million, a P/E ratio of -0.37 and a beta of 1.44. The firm has a 50 day simple moving average of $4.54 and a two-hundred day simple moving average of $4.72.

Trinseo (NYSE:TSE) last announced its earnings results on Wednesday, February 12th. The basic materials company reported ($2.67) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($2.30) by ($0.37). On average, equities analysts expect that Trinseo will post -3.88 EPS for the current year.

Trinseo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 10th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend is Thursday, April 10th. Trinseo’s dividend payout ratio (DPR) is presently -0.41%.

Institutional Trading of Trinseo

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its holdings in shares of Trinseo by 10.4% in the third quarter. JPMorgan Chase & Co. now owns 430,340 shares of the basic materials company’s stock valued at $2,199,000 after purchasing an additional 40,588 shares during the period. Geode Capital Management LLC raised its position in Trinseo by 4.0% during the 3rd quarter. Geode Capital Management LLC now owns 385,931 shares of the basic materials company’s stock worth $1,973,000 after buying an additional 14,780 shares during the last quarter. Truffle Hound Capital LLC purchased a new position in Trinseo during the 4th quarter worth $1,785,000. FMR LLC lifted its stake in shares of Trinseo by 21.3% in the 3rd quarter. FMR LLC now owns 110,896 shares of the basic materials company’s stock worth $567,000 after acquiring an additional 19,477 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in shares of Trinseo in the fourth quarter valued at about $51,000. 82.69% of the stock is owned by hedge funds and other institutional investors.

About Trinseo

Trinseo PLC operates as a specialty material solutions provider in the United States, Europe, the Asia-Pacific, and internationally. It operates through five segments: Engineered Materials, Latex Binders, Plastics Solutions, Polystyrene, and Americas Styrenics. The Engineered Materials segment offers rigid thermoplastic compounds and blends, soft thermoplastic, continuous cast, cell cast, activated methyl methacrylates (MMA), PMMA resins, and extruded PMMA sheets and resins for consumer electronics, medical, footwear, automotive, and building and construction applications under the EMERGE, CALIBRE, PLEXIGLAS, ALTUGLAS, ACRYSPA, AVONITE, STUDIO, MEGOL, APILON, APIGO, and APINAT brands.