Trecora Resources (NYSE:TREC) Sees Significant Increase in Short Interest

Trecora Resources (NYSE:TRECGet Rating) saw a significant increase in short interest in the month of April. As of April 30th, there was short interest totalling 132,200 shares, an increase of 24.7% from the April 15th total of 106,000 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average daily trading volume, of 26,400 shares, the short-interest ratio is presently 5.0 days.

Shares of NYSE TREC opened at $9.60 on Thursday. The company has a current ratio of 3.42, a quick ratio of 2.60 and a debt-to-equity ratio of 0.19. The stock has a market cap of $227.04 million, a price-to-earnings ratio of 26.67 and a beta of 0.33. The company’s 50-day moving average price is $8.67 and its 200 day moving average price is $8.53. Trecora Resources has a 52 week low of $7.46 and a 52 week high of $9.74.

Trecora Resources (NYSE:TRECGet Rating) last issued its quarterly earnings data on Tuesday, March 8th. The basic materials company reported $0.21 earnings per share for the quarter. The business had revenue of $74.62 million during the quarter. Trecora Resources had a net margin of 2.98% and a return on equity of 4.51%.

Separately, StockNews.com initiated coverage on shares of Trecora Resources in a research report on Friday, May 13th. They issued a “buy” rating on the stock.

Hedge funds have recently made changes to their positions in the stock. Morgan Stanley grew its position in shares of Trecora Resources by 1,795.3% in the second quarter. Morgan Stanley now owns 3,639 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 3,447 shares during the period. Advisor Group Holdings Inc. raised its position in shares of Trecora Resources by 60.2% in the 3rd quarter. Advisor Group Holdings Inc. now owns 13,695 shares of the basic materials company’s stock worth $111,000 after buying an additional 5,144 shares during the period. PEAK6 Investments LLC acquired a new position in Trecora Resources in the third quarter valued at $89,000. Marshall Wace LLP purchased a new stake in Trecora Resources during the third quarter valued at about $326,000. Finally, Yacktman Asset Management LP increased its stake in Trecora Resources by 3.5% during the fourth quarter. Yacktman Asset Management LP now owns 1,610,000 shares of the basic materials company’s stock worth $13,009,000 after acquiring an additional 55,000 shares during the last quarter. 56.16% of the stock is owned by hedge funds and other institutional investors.

About Trecora Resources (Get Rating)

Trecora Resources manufactures and sells various specialty petrochemical products and synthetic waxes in the United States. The company operates in two segments, Petrochemical and Specialty Waxes. The Petrochemical segment offers hydrocarbons and other petroleum based products, including isopentane, normal pentane, isohexane, and hexane for use in the production of polyethylene, packaging, polypropylene, expandable polystyrene, poly-iso/urethane foams, and crude oil from the Canadian tar sands, as well as in the catalyst support industry.

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