Trinseo PLC (NYSE:TSE) Short Interest Down 28.0% in April

Trinseo PLC (NYSE:TSE) saw a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 663,700 shares, a decline of 28.0% from the March 31st total of 921,200 shares. Based on an average daily volume of 314,700 shares, the short-interest ratio is presently 2.1 days. Currently, 2.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Covestor Ltd acquired a new position in Trinseo during the fourth quarter valued at $36,000. Rhumbline Advisers raised its position in Trinseo by 103.2% during the fourth quarter. Rhumbline Advisers now owns 7,879 shares of the basic materials company’s stock valued at $40,000 after buying an additional 4,002 shares during the period. SG Americas Securities LLC acquired a new position in Trinseo during the fourth quarter valued at $51,000. State of Wyoming acquired a new position in Trinseo during the fourth quarter valued at $53,000. Finally, BNP Paribas Financial Markets acquired a new position in Trinseo during the fourth quarter valued at $74,000. 82.69% of the stock is owned by institutional investors and hedge funds.

Trinseo Stock Down 2.0 %

Shares of Trinseo stock opened at $3.98 on Wednesday. The stock’s fifty day moving average is $3.99 and its 200-day moving average is $4.44. The firm has a market capitalization of $141.21 million, a PE ratio of -0.40 and a beta of 1.54. Trinseo has a 12-month low of $1.94 and a 12-month high of $7.05.

Trinseo (NYSE:TSE) last announced its 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). Analysts expect that Trinseo will post -3.88 EPS for the current year.

Trinseo Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 24th. Investors of record on Thursday, April 10th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.01%. The ex-dividend date was Thursday, April 10th. Trinseo’s payout ratio is -0.41%.

About Trinseo

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.