Trinseo S.A. (NYSE:TSE) Sees Large Drop in Short Interest

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Trinseo S.A. (NYSE:TSE) was the target of a significant decrease in short interest in August. As of August 14th, there was short interest totalling 2,450,000 shares, a decrease of 42.1% from the July 30th total of 4,230,000 shares. Currently, 6.5% of the shares of the stock are short sold. Based on an average trading volume of 651,000 shares, the days-to-cover ratio is currently 3.8 days.

In related news, major shareholder M&G Investment Management Ltd sold 5,000 shares of the stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $27.22, for a total transaction of $136,100.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.20% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the business. Cerebellum GP LLC bought a new stake in shares of Trinseo in the 2nd quarter worth approximately $36,000. Verus Capital Partners LLC bought a new stake in shares of Trinseo in the 1st quarter worth approximately $27,000. CWM LLC bought a new stake in shares of Trinseo in the 2nd quarter worth approximately $41,000. Ovata Capital Management Ltd bought a new stake in shares of Trinseo in the 2nd quarter worth approximately $45,000. Finally, US Bancorp DE lifted its holdings in shares of Trinseo by 281.1% in the 1st quarter. US Bancorp DE now owns 2,058 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 1,518 shares during the last quarter. 98.61% of the stock is currently owned by institutional investors.

TSE has been the topic of several recent analyst reports. ValuEngine upgraded Trinseo from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Jefferies Financial Group restated a “hold” rating on shares of Trinseo in a research note on Wednesday, June 17th. Barclays dropped their price target on Trinseo from $34.00 to $22.00 and set an “equal weight” rating for the company in a research note on Monday, May 11th. Morgan Stanley lowered Trinseo from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $19.00 to $14.00 in a research note on Thursday, May 28th. Finally, Deutsche Bank increased their target price on Trinseo from $21.00 to $24.00 and gave the company a “hold” rating in a research note on Monday, August 3rd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $24.00.

Shares of NYSE TSE opened at $25.97 on Friday. The company has a quick ratio of 2.36, a current ratio of 3.08 and a debt-to-equity ratio of 2.89. The business has a 50 day moving average price of $24.84 and a two-hundred day moving average price of $21.92. Trinseo has a fifty-two week low of $14.16 and a fifty-two week high of $50.14. The firm has a market cap of $984.65 million, a PE ratio of -7.21 and a beta of 1.95.

Trinseo (NYSE:TSE) last released its earnings results on Wednesday, July 29th. The basic materials company reported ($2.95) EPS for the quarter, missing analysts’ consensus estimates of ($2.54) by ($0.41). Trinseo had a negative return on equity of 10.14% and a negative net margin of 4.22%. The firm had revenue of $569.70 million for the quarter, compared to the consensus estimate of $599.45 million. During the same period in the prior year, the business earned $0.99 EPS. The company’s quarterly revenue was down 40.1% on a year-over-year basis. On average, analysts anticipate that Trinseo will post -1.71 earnings per share for the current year.

Trinseo Company Profile

Trinseo SA, a materials company, manufactures and markets synthetic rubber, latex binders, and plastic products in Europe, the United States, the Asia-Pacific, and internationally. The company operates through six segments: Latex Binders, Synthetic Rubber, Performance Plastics, Polystyrene, Feedstocks, and Americas Styrenics.

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