Short Interest in Trinseo PLC (NYSE:TSE) Declines By 34.8%

Trinseo PLC (NYSE:TSE - Get Free Report) was the recipient of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 887,300 shares, a decrease of 34.8% from the February 28th total of 1,360,000 shares. Based on an average daily volume of 338,900 shares, the days-to-cover ratio is presently 2.6 days. Currently, 2.7% of the company's shares are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TSE. Jefferies Financial Group Inc. raised its holdings in shares of Trinseo by 14.5% in the 4th quarter. Jefferies Financial Group Inc. now owns 30,000 shares of the basic materials company's stock worth $153,000 after purchasing an additional 3,800 shares during the period. PharVision Advisers LLC acquired a new stake in Trinseo during the 4th quarter worth approximately $298,000. Two Sigma Investments LP raised its holdings in Trinseo by 2.7% in the fourth quarter. Two Sigma Investments LP now owns 326,592 shares of the basic materials company's stock valued at $1,666,000 after buying an additional 8,682 shares during the period. State of Wyoming acquired a new position in Trinseo during the fourth quarter valued at approximately $53,000. Finally, Point72 Asia Singapore Pte. Ltd. grew its stake in Trinseo by 33.5% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 36,965 shares of the basic materials company's stock worth $189,000 after buying an additional 9,275 shares during the period. Institutional investors and hedge funds own 82.69% of the company's stock.

Trinseo Price Performance

NYSE:TSE traded up $0.12 during mid-day trading on Wednesday, reaching $3.90. The company's stock had a trading volume of 129,550 shares, compared to its average volume of 450,270. The stock has a market cap of $138.38 million, a P/E ratio of -0.40 and a beta of 1.54. The company's fifty day simple moving average is $4.52 and its two-hundred day simple moving average is $4.74. Trinseo has a twelve month low of $1.94 and a twelve month high of $7.05.

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Trinseo (NYSE:TSE - Get Free Report) last released its earnings results on Wednesday, February 12th. The basic materials company reported ($2.67) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.30) by ($0.37). Sell-side analysts expect that Trinseo will post -3.88 EPS for the current fiscal year.

Trinseo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 10th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend is Thursday, April 10th. Trinseo's dividend payout ratio (DPR) is currently -0.41%.

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.