Short Interest in Trinseo PLC (NYSE:TSE) Increases By 4,516.7%

Key Points

• Short interest in Trinseo PLC soared by 4,516.7% in July, rising to 2,710,000 shares from 58,700 shares at the end of June, indicating a growing bearish sentiment among investors.
• Approximately 82.69% of Trinseo's stock is held by institutional investors, reflecting strong backing from hedge funds and larger financial entities.
• Wall Street analysts have downgraded Trinseo from a "hold" rating to a "sell" rating, reflecting concern about the company's declining performance in the market.

Trinseo PLC (NYSE:TSE - Get Free Report) saw a large growth in short interest in July. As of July 15th, there was short interest totaling 2,710,000 shares, agrowthof4,516.7% from the June 30th total of 58,700 shares. Approximately8.3% of the shares of the stock are sold short. Based on an average daily volume of 406,200 shares, the short-interest ratio is currently 6.7 days. Based on an average daily volume of 406,200 shares, the short-interest ratio is currently 6.7 days. Approximately8.3% of the shares of the stock are sold short.

Institutional Trading of Trinseo

Institutional investors and hedge funds have recently bought and sold shares of the business. May Hill Capital LLC acquired a new stake in Trinseo during the 2nd quarter worth approximately $33,000. Covestor Ltd acquired a new stake in Trinseo during the 4th quarter worth approximately $36,000. State of Wyoming acquired a new stake in Trinseo during the 4th quarter worth approximately $53,000. BNP Paribas Financial Markets acquired a new stake in Trinseo during the 4th quarter worth approximately $74,000. Finally, Quarry LP acquired a new stake in Trinseo during the 4th quarter worth approximately $79,000. Institutional investors and hedge funds own 82.69% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of Trinseo from a "hold" rating to a "sell" rating in a research report on Monday, May 12th.

Trinseo Price Performance

NYSE:TSE traded down $0.11 on Friday, reaching $2.56. The stock had a trading volume of 263,598 shares, compared to its average volume of 356,117. The company has a market cap of $91.26 million, a price-to-earnings ratio of -0.26 and a beta of 1.43. The firm's fifty day moving average is $3.10 and its two-hundred day moving average is $3.70. Trinseo has a 12-month low of $2.16 and a 12-month high of $7.05.

Trinseo (NYSE:TSE - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The basic materials company reported ($1.37) EPS for the quarter, beating analysts' consensus estimates of ($1.40) by $0.03. The company had revenue of $784.80 million for the quarter, compared to analyst estimates of $980.01 million. As a group, research analysts forecast that Trinseo will post -3.88 earnings per share for the current fiscal year.

Trinseo Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.6%. Trinseo's dividend payout ratio is currently -0.40%.

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.

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