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

Trinseo PLC (NYSE:TSE) saw a large 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. Currently, 2.7% of the company’s stock are sold short. Based on an average daily trading volume, of 338,900 shares, the short-interest ratio is presently 2.6 days.

Institutional Trading of Trinseo

A number of institutional investors and hedge funds have recently modified their holdings of the business. CastleKnight Management LP boosted its position in shares of Trinseo by 128.1% during the fourth quarter. CastleKnight Management LP now owns 2,479,618 shares of the basic materials company’s stock valued at $12,646,000 after buying an additional 1,392,476 shares during the last quarter. Brightline Capital Management LLC purchased a new stake in shares of Trinseo during the 4th quarter valued at about $4,820,000. Marshall Wace LLP boosted its holdings in shares of Trinseo by 1.7% during the 4th quarter. Marshall Wace LLP now owns 618,192 shares of the basic materials company’s stock valued at $3,153,000 after acquiring an additional 10,543 shares during the last quarter. JPMorgan Chase & Co. grew its stake 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 worth $2,199,000 after acquiring an additional 40,588 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of Trinseo by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 388,751 shares of the basic materials company’s stock valued at $1,984,000 after purchasing an additional 2,820 shares during the last quarter. Institutional investors own 82.69% of the company’s stock.

Trinseo Trading Down 0.5 %

NYSE:TSE traded down $0.02 during trading hours on Monday, reaching $3.67. 180,686 shares of the company traded hands, compared to its average volume of 452,131. Trinseo has a 1 year low of $1.94 and a 1 year high of $7.05. The business’s 50-day moving average price is $4.54 and its two-hundred day moving average price is $4.74. The stock has a market capitalization of $130.22 million, a P/E ratio of -0.37 and a beta of 1.44.

Trinseo (NYSE:TSE) last announced its quarterly earnings data on Wednesday, February 12th. The basic materials company reported ($2.67) EPS for the quarter, missing the consensus estimate of ($2.30) by ($0.37). As a group, equities analysts anticipate that Trinseo will post -3.88 EPS for the current year.

Trinseo Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $0.04 annualized dividend and a yield of 1.09%. Trinseo’s dividend payout ratio (DPR) is presently -0.41%.

Trinseo Company Profile

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.