Short Interest in Tredegar Co. (NYSE:TG) Rises By 29.0%

Tredegar Co. (NYSE:TG) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 213,100 shares, a growth of 29.0% from the December 31st total of 165,200 shares. Based on an average daily volume of 133,300 shares, the days-to-cover ratio is currently 1.6 days. Approximately 0.7% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Tredegar from a “buy” rating to a “hold” rating in a research report on Tuesday, December 31st.

Tredegar Stock Up 0.8 %

Tredegar stock traded up $0.07 during mid-day trading on Thursday, reaching $7.94. The stock had a trading volume of 58,215 shares, compared to its average volume of 95,874. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.42 and a current ratio of 0.79. Tredegar has a fifty-two week low of $3.98 and a fifty-two week high of $9.22. The stock’s 50-day simple moving average is $7.71 and its 200-day simple moving average is $7.01. The firm has a market capitalization of $272.68 million, a PE ratio of -10.05 and a beta of 0.81.

Tredegar (NYSE:TG) last announced its quarterly earnings results on Friday, November 8th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter. Tredegar had a positive return on equity of 10.10% and a negative net margin of 3.84%. The business had revenue of $182.05 million during the quarter.

Institutional Investors Weigh In On Tredegar

Several institutional investors have recently bought and sold shares of TG. Gladius Capital Management LP purchased a new position in Tredegar in the third quarter worth $40,000. AQR Capital Management LLC purchased a new position in shares of Tredegar during the 2nd quarter valued at $49,000. XTX Topco Ltd purchased a new position in shares of Tredegar during the 2nd quarter valued at $49,000. FMR LLC lifted its position in shares of Tredegar by 161.5% during the 3rd quarter. FMR LLC now owns 9,445 shares of the basic materials company’s stock valued at $69,000 after buying an additional 5,833 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Tredegar during the 3rd quarter valued at $74,000. Institutional investors own 79.24% of the company’s stock.

Tredegar Company Profile

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.