Trinity Place Holdings Inc. (NYSEAMERICAN:TPHS) Sees Significant Decline in Short Interest

Trinity Place Holdings Inc. (NYSEAMERICAN:TPHS) was the target of a significant decrease in short interest in June. As of June 15th, there was short interest totalling 73,800 shares, a decrease of 69.3% from the May 31st total of 240,700 shares. Based on an average daily trading volume, of 7,160,000 shares, the days-to-cover ratio is presently 0.0 days.

Trinity Place Price Performance

NYSEAMERICAN:TPHS traded up $0.01 during trading on Thursday, reaching $0.12. The company’s stock had a trading volume of 2,363,488 shares, compared to its average volume of 5,789,324. The company has a market capitalization of $7.88 million, a PE ratio of -0.17 and a beta of -0.04. Trinity Place has a 12 month low of $0.08 and a 12 month high of $0.71.

Trinity Place (NYSEAMERICAN:TPHS) last announced its quarterly earnings data on Wednesday, May 15th. The company reported $0.15 earnings per share (EPS) for the quarter. The firm had revenue of $2.36 million during the quarter. Trinity Place had a negative return on equity of 5,086.83% and a negative net margin of 116.44%.

About Trinity Place

Trinity Place Holdings Inc operates as a real estate holding, investment, development, and asset management company in the United States. Its assets are located at 77 Greenwich Street in Lower Manhattan; and a property occupied by a retail tenant in Paramus, New Jersey. The company also controls various intellectual property assets focused on the consumer sector, including FilenesBasement.com, its rights to the Stanley Blacker brand, as well as the intellectual property associated with the running of the Brides event and An Educated Consumer.