Tredegar Co. (NYSE:TG) Short Interest Update

Tredegar Co. (NYSE:TG - Get Free Report) was the recipient of a large decrease in short interest in May. As of May 15th, there was short interest totalling 308,800 shares, a decrease of 12.3% from the April 30th total of 352,100 shares. Approximately 1.0% of the company's stock are sold short. Based on an average trading volume of 86,500 shares, the short-interest ratio is currently 3.6 days.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded Tredegar from a "buy" rating to a "hold" rating in a report on Friday, May 9th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in TG. Strs Ohio acquired a new position in shares of Tredegar during the 1st quarter worth $509,000. Jane Street Group LLC acquired a new position in shares of Tredegar during the 1st quarter worth $144,000. AQR Capital Management LLC increased its stake in shares of Tredegar by 31.4% during the 1st quarter. AQR Capital Management LLC now owns 17,158 shares of the basic materials company's stock worth $132,000 after purchasing an additional 4,097 shares during the last quarter. Gamco Investors INC. ET AL increased its stake in shares of Tredegar by 2.9% during the 1st quarter. Gamco Investors INC. ET AL now owns 5,785,780 shares of the basic materials company's stock worth $44,551,000 after purchasing an additional 161,971 shares during the last quarter. Finally, Gabelli Funds LLC increased its stake in shares of Tredegar by 3.3% during the 1st quarter. Gabelli Funds LLC now owns 1,097,215 shares of the basic materials company's stock worth $8,449,000 after purchasing an additional 34,800 shares during the last quarter. Institutional investors and hedge funds own 79.24% of the company's stock.

Tredegar Stock Down 0.2%

Tredegar stock traded down $0.02 during trading hours on Thursday, hitting $8.57. The company had a trading volume of 31,494 shares, compared to its average volume of 84,416. The firm has a market capitalization of $299.28 million, a P/E ratio of -10.85 and a beta of 0.78. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.79 and a quick ratio of 0.42. The firm's fifty day moving average is $7.80 and its 200-day moving average is $7.71. Tredegar has a fifty-two week low of $4.30 and a fifty-two week high of $9.22.

Tredegar (NYSE:TG - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The basic materials company reported $0.10 earnings per share for the quarter. The firm had revenue of $164.73 million for the quarter. Tredegar had a negative net margin of 3.84% and a positive return on equity of 10.10%.

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.