Tredegar Co. (NYSE:TG) Short Interest Down 22.4% in November

Tredegar Co. (NYSE:TG) was the target of a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 147,400 shares, a decrease of 22.4% from the October 31st total of 189,900 shares. Based on an average daily volume of 114,400 shares, the short-interest ratio is currently 1.3 days. Currently, 0.5% of the shares of the stock are short sold.

Tredegar Stock Performance

Tredegar stock opened at $7.13 on Friday. Tredegar has a 52-week low of $3.98 and a 52-week high of $9.22. The firm’s fifty day moving average is $7.46 and its 200 day moving average is $6.19. The company has a quick ratio of 0.42, a current ratio of 0.79 and a debt-to-equity ratio of 0.13.

Institutional Investors Weigh In On Tredegar

Several institutional investors have recently modified their holdings of TG. Barclays PLC raised its holdings in Tredegar by 25.0% during the 3rd quarter. Barclays PLC now owns 133,827 shares of the basic materials company’s stock valued at $975,000 after buying an additional 26,757 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Tredegar by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 581,762 shares of the basic materials company’s stock worth $4,242,000 after acquiring an additional 7,812 shares during the last quarter. State Street Corp boosted its stake in shares of Tredegar by 0.3% during the 3rd quarter. State Street Corp now owns 587,254 shares of the basic materials company’s stock worth $4,281,000 after purchasing an additional 1,930 shares during the period. MetLife Investment Management LLC bought a new position in Tredegar during the 3rd quarter valued at about $112,000. Finally, BNP Paribas Financial Markets raised its position in Tredegar by 216.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 29,443 shares of the basic materials company’s stock worth $215,000 after purchasing an additional 20,125 shares during the period. 79.24% of the stock is owned by institutional investors.

About Tredegar

Tredegar Corporation manufactures and sells aluminum extrusions, polyethylene (PE) films, and plastic and polyester films in the United States and internationally. It operates through three segments: Aluminum Extrusions, PE Films, and Flexible Packaging Films. The Aluminum Extrusions segment produces soft and medium strength alloyed aluminum extrusions, custom fabricated and finished aluminum extrusions for the building and construction, automotive and transportation, consumer durables, machinery and equipment, electrical and renewable energy, and distribution markets; and manufactures mill, anodized, and painted and alloyed aluminum extrusions to fabricators and distributors.