Trinseo PLC (NYSE:TSE) Short Interest Update

Trinseo PLC (NYSE:TSE) was the target of a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 1,060,000 shares, a decline 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 presently 2.4 days. Approximately 3.2% of the company’s stock are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Marshall Wace LLP bought a new stake in Trinseo during the 2nd quarter worth approximately $455,000. Los Angeles Capital Management LLC raised its stake in shares of Trinseo by 388.0% during the second quarter. Los Angeles Capital Management LLC now owns 425,506 shares of the basic materials company’s stock worth $983,000 after buying an additional 338,318 shares during the last quarter. Algert Global LLC acquired a new position in shares of Trinseo in the 2nd quarter valued at $77,000. Point72 DIFC Ltd bought a new stake in shares of Trinseo in the 2nd quarter valued at about $55,000. Finally, Cubist Systematic Strategies LLC raised its holdings in Trinseo by 194.0% in the second quarter. Cubist Systematic Strategies LLC now owns 101,614 shares of the basic materials company’s stock worth $235,000 after purchasing an additional 67,054 shares during the period. 82.69% of the stock is owned by institutional investors.

Trinseo Stock Up 1.4 %

Trinseo stock traded up $0.07 during mid-day trading on Friday, reaching $5.17. The company 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 200-day moving average of $3.97. Trinseo has a 52 week low of $1.93 and a 52 week high of $8.82. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 9th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend is Thursday, January 9th. Trinseo’s dividend payout ratio is presently -0.28%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Trinseo from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th.

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.