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

Trinseo PLC (NYSE:TSE) was the recipient of a significant decrease in short interest in 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. Approximately 2.7% of the shares of the stock are sold short. Based on an average trading volume of 338,900 shares, the short-interest ratio is currently 2.6 days.

Institutional Investors Weigh In On Trinseo

A number of institutional investors and hedge funds have recently modified their holdings of TSE. FMR LLC boosted its position in Trinseo by 21.3% during the third quarter. FMR LLC now owns 110,896 shares of the basic materials company’s stock worth $567,000 after purchasing an additional 19,477 shares in the last quarter. Whitebox Advisors LLC purchased a new stake in shares of Trinseo in the 3rd quarter worth about $200,000. XTX Topco Ltd grew its stake in Trinseo by 19.1% in the 3rd quarter. XTX Topco Ltd now owns 88,262 shares of the basic materials company’s stock valued at $451,000 after acquiring an additional 14,180 shares during the last quarter. Geode Capital Management LLC increased its holdings in Trinseo by 4.0% during the 3rd quarter. Geode Capital Management LLC now owns 385,931 shares of the basic materials company’s stock valued at $1,973,000 after acquiring an additional 14,780 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in Trinseo by 10.4% during 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 last quarter. Institutional investors and hedge funds own 82.69% of the company’s stock.

Trinseo Stock Performance

NYSE:TSE traded down $0.22 during trading hours on Friday, hitting $3.67. The company’s stock had a trading volume of 285,532 shares, compared to its average volume of 453,217. The company has a market capitalization of $130.14 million, a PE ratio of -0.37 and a beta of 1.44. Trinseo has a 52-week low of $1.94 and a 52-week high of $7.05. The business’s 50-day moving average is $4.54 and its two-hundred day moving average is $4.72.

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

Trinseo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 10th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend is Thursday, April 10th. Trinseo’s dividend payout ratio (DPR) is -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.