TORM plc (NASDAQ:TRMD – Get Rating) was the recipient of a large growth in short interest in April. As of April 30th, there was short interest totalling 554,900 shares, a growth of 97.8% from the April 15th total of 280,500 shares. Approximately 2.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 276,500 shares, the days-to-cover ratio is presently 2.0 days.
TORM stock opened at $11.59 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.18 and a quick ratio of 1.02. TORM has a 1-year low of $6.17 and a 1-year high of $11.95. The firm has a market capitalization of $860.79 million, a P/E ratio of -21.46 and a beta of -276.34. The company’s 50-day moving average is $9.08 and its 200 day moving average is $8.24.
TORM (NASDAQ:TRMD – Get Rating) last posted its quarterly earnings data on Wednesday, March 2nd. The company reported ($0.10) earnings per share for the quarter. The firm had revenue of $189.10 million during the quarter. TORM had a negative return on equity of 4.05% and a negative net margin of 6.80%. Research analysts anticipate that TORM will post 0.79 earnings per share for the current fiscal year.
A number of hedge funds have recently modified their holdings of TRMD. Morgan Stanley bought a new position in TORM in the 2nd quarter worth about $28,000. Deutsche Bank AG grew its stake in TORM by 46.0% in the 3rd quarter. Deutsche Bank AG now owns 4,048 shares of the company’s stock worth $31,000 after acquiring an additional 1,275 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in TORM in the 4th quarter worth about $77,000. Two Sigma Investments LP bought a new position in TORM in the 3rd quarter worth about $89,000. Finally, JPMorgan Chase & Co. bought a new position in TORM in the 1st quarter worth about $103,000.
About TORM (Get Rating)
TORM plc, a product tanker company, engages in the transportation of refined oil products and crude oil worldwide. The company transports gasoline, jet fuel, and naphtha. As of March 23, 2022, it operated a fleet of approximately 85 vessels. The company was founded in 1889 and is headquartered in London, the United Kingdom.
- Get a free copy of the StockNews.com research report on TORM (TRMD)
- The Travel Sector Is Getting Upgraded
- Carvana Insiders Buy Shares But Maybe You Shouldn’t
- Dutch Bros Gets Scalded By Inflation
- The S&P 500 Could Fall Another 28%
- Corning Stock is a Technology Value Play
Receive News & Ratings for TORM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TORM and related companies with MarketBeat.com's FREE daily email newsletter.