Tredegar Co. (NYSE:TG) Short Interest Update

Tredegar Co. (NYSE:TG - Get Free Report) saw a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 165,400 shares, a decline of 39.6% from the March 31st total of 273,700 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily volume of 147,600 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Investors Weigh In On Tredegar

Several institutional investors and hedge funds have recently added to or reduced their stakes in TG. Minerva Advisors LLC raised its holdings in shares of Tredegar by 65.3% during the 3rd quarter. Minerva Advisors LLC now owns 990,549 shares of the basic materials company's stock worth $5,359,000 after acquiring an additional 391,262 shares during the period. Acadian Asset Management LLC raised its holdings in shares of Tredegar by 318.5% during the 3rd quarter. Acadian Asset Management LLC now owns 138,927 shares of the basic materials company's stock worth $750,000 after acquiring an additional 105,729 shares during the period. Gamco Investors INC. ET AL raised its holdings in shares of Tredegar by 4.1% during the 3rd quarter. Gamco Investors INC. ET AL now owns 4,283,393 shares of the basic materials company's stock worth $23,173,000 after acquiring an additional 167,185 shares during the period. Algert Global LLC purchased a new position in shares of Tredegar during the 3rd quarter worth $140,000. Finally, SG Americas Securities LLC purchased a new stake in Tredegar in the 3rd quarter valued at about $62,000. Institutional investors and hedge funds own 79.24% of the company's stock.

Tredegar Stock Performance

TG remained flat at $6.56 on Friday. 99,358 shares of the company's stock traded hands, compared to its average volume of 114,813. Tredegar has a 52 week low of $3.98 and a 52 week high of $9.53. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.38 and a current ratio of 0.71. The firm's fifty day simple moving average is $5.52 and its 200-day simple moving average is $5.12. The company has a market capitalization of $225.86 million, a PE ratio of -2.12 and a beta of 0.99.

Tredegar (NYSE:TG - Get Free Report) last announced its earnings results on Friday, March 15th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter. Tredegar had a negative return on equity of 2.72% and a negative net margin of 15.08%. The business had revenue of $166.99 million for the quarter.

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.

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