Trinseo PLC (NYSE:TSE) Short Interest Update

Trinseo PLC (NYSE:TSE - Get Free Report) was the recipient of a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 1,060,000 shares, a drop of 26.4% from the November 30th total of 1,440,000 shares. Based on an average daily volume of 440,600 shares, the short-interest ratio is currently 2.4 days. Approximately 3.2% of the company's shares are short sold.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Trinseo from a "sell" rating to a "hold" rating in a research note on Thursday, October 10th.

Hedge Funds Weigh In On Trinseo

A number of hedge funds have recently modified their holdings of TSE. PFG Investments LLC acquired a new stake in shares of Trinseo in the 3rd quarter valued at $52,000. Mercer Global Advisors Inc. ADV bought a new position in shares of Trinseo in the 2nd quarter valued at approximately $25,000. Ground Swell Capital LLC acquired a new stake in Trinseo in the 2nd quarter worth approximately $29,000. XTX Topco Ltd boosted its position in Trinseo by 19.1% during the third quarter. XTX Topco Ltd now owns 88,262 shares of the basic materials company's stock worth $451,000 after purchasing an additional 14,180 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Trinseo by 4.0% during the third quarter. Geode Capital Management LLC now owns 385,931 shares of the basic materials company's stock valued at $1,973,000 after purchasing an additional 14,780 shares during the last quarter. 82.69% of the stock is owned by institutional investors and hedge funds.

Trinseo Stock Up 1.4 %

Shares of TSE traded up $0.07 during trading hours on Friday, reaching $5.17. The company's stock had a trading volume of 255,829 shares, compared to its average volume of 471,457. The company has a 50 day moving average of $4.56 and a two-hundred day moving average of $3.98. The firm has a market cap of $183.03 million, a price-to-earnings ratio of -0.37 and a beta of 1.62. Trinseo has a 1-year low of $1.93 and a 1-year high of $8.82.

Trinseo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, January 9th will be given a $0.01 dividend. The ex-dividend date is Thursday, January 9th. This represents a $0.04 dividend on an annualized basis and a yield of 0.77%. Trinseo's payout ratio is -0.28%.

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.