Short Interest in Trinseo PLC (NYSE:TSE) Decreases By 18.9%

Trinseo PLC (NYSE:TSE - Get Free Report) saw a significant drop in short interest in September. As of September 30th, there was short interest totalling 693,100 shares, a drop of 18.9% from the September 15th total of 855,000 shares. Based on an average daily volume of 498,500 shares, the short-interest ratio is currently 1.4 days. Currently, 2.1% of the company's stock are sold short.

Trinseo Trading Up 2.8 %

Shares of Trinseo stock traded up $0.18 on Friday, hitting $6.51. 485,188 shares of the company traded hands, compared to its average volume of 536,830. Trinseo has a 12-month low of $1.93 and a 12-month high of $8.83. The company has a market cap of $230.19 million, a P/E ratio of -0.51 and a beta of 1.63. The firm's 50-day simple moving average is $4.25 and its 200 day simple moving average is $3.43.

Trinseo (NYSE:TSE - Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The basic materials company reported ($1.46) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.09) by ($0.37). The business had revenue of $920.00 million during the quarter, compared to analysts' expectations of $958.16 million. During the same period in the prior year, the business posted ($1.92) earnings per share. Analysts predict that Trinseo will post -6.73 earnings per share for the current year.

Trinseo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be paid a $0.01 dividend. The ex-dividend date is Thursday, October 10th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.61%. Trinseo's dividend payout ratio (DPR) is -0.32%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Trinseo from a "sell" rating to a "hold" rating in a research note on Thursday.

Insider Activity at Trinseo

In related news, Director Jeffrey J. Cote purchased 50,600 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were bought at an average price of $3.39 per share, with a total value of $171,534.00. Following the acquisition, the director now owns 150,600 shares of the company's stock, valued at $510,534. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Jeffrey J. Cote bought 50,600 shares of the company's stock in a transaction on Monday, August 19th. The shares were purchased at an average price of $3.39 per share, for a total transaction of $171,534.00. Following the completion of the transaction, the director now directly owns 150,600 shares in the company, valued at approximately $510,534. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jeffrey J. Cote bought 100,000 shares of the business's stock in a transaction on Friday, August 16th. The stock was bought at an average price of $2.81 per share, with a total value of $281,000.00. Following the purchase, the director now owns 100,000 shares in the company, valued at $281,000. The disclosure for this purchase can be found here. Insiders have bought 265,600 shares of company stock valued at $748,084 over the last ninety days. Corporate insiders own 2.70% of the company's stock.

Hedge Funds Weigh In On Trinseo

Institutional investors and hedge funds have recently made changes to their positions in the business. Quadrature Capital Ltd grew its stake in shares of Trinseo by 16.7% during the fourth quarter. Quadrature Capital Ltd now owns 30,944 shares of the basic materials company's stock valued at $259,000 after buying an additional 4,439 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Trinseo by 40.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 34,906 shares of the basic materials company's stock worth $132,000 after acquiring an additional 10,036 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in Trinseo in the 2nd quarter worth approximately $25,000. Ground Swell Capital LLC bought a new stake in Trinseo in the second quarter valued at approximately $29,000. Finally, State Board of Administration of Florida Retirement System purchased a new stake in shares of Trinseo during the first quarter valued at approximately $48,000. Institutional investors own 82.69% of the company's stock.

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.