Tredegar Co. (NYSE:TG) Short Interest Up 33.6% in February

Tredegar Co. (NYSE:TG) was the recipient of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 324,300 shares, an increase of 33.6% from the February 13th total of 242,800 shares. Approximately 1.1% of the shares of the stock are short sold. Based on an average trading volume of 94,600 shares, the short-interest ratio is presently 3.4 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Occudo Quantitative Strategies LP purchased a new position in Tredegar in the fourth quarter worth about $78,000. Deutsche Bank AG boosted its stake in shares of Tredegar by 33.3% during the 4th quarter. Deutsche Bank AG now owns 26,872 shares of the basic materials company’s stock worth $206,000 after purchasing an additional 6,719 shares during the period. CastleKnight Management LP raised its position in Tredegar by 137.5% in the 4th quarter. CastleKnight Management LP now owns 214,300 shares of the basic materials company’s stock worth $1,646,000 after purchasing an additional 124,079 shares during the period. Bank of America Corp DE lifted its stake in Tredegar by 691.9% in the fourth quarter. Bank of America Corp DE now owns 2,893,980 shares of the basic materials company’s stock worth $22,226,000 after purchasing an additional 2,528,530 shares during the last quarter. Finally, Northern Trust Corp boosted its position in shares of Tredegar by 3.8% during the fourth quarter. Northern Trust Corp now owns 233,068 shares of the basic materials company’s stock valued at $1,790,000 after buying an additional 8,459 shares during the period. 79.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com cut Tredegar from a “buy” rating to a “hold” rating in a report on Thursday, March 13th.

Tredegar Price Performance

NYSE TG traded down $0.05 on Tuesday, reaching $7.27. The company had a trading volume of 25,609 shares, compared to its average volume of 105,940. The stock has a market capitalization of $252.10 million, a PE ratio of -9.20 and a beta of 0.75. Tredegar has a 12 month low of $4.31 and a 12 month high of $9.22. The company has a quick ratio of 0.42, a current ratio of 0.79 and a debt-to-equity ratio of 0.13. The firm’s 50 day moving average price is $7.70 and its 200 day moving average price is $7.48.

Tredegar (NYSE:TG) last posted its earnings results on Wednesday, March 12th. The basic materials company reported $0.06 EPS for the quarter. Tredegar had a positive return on equity of 10.10% and a negative net margin of 3.84%. The company had revenue of $154.05 million for the quarter.

Tredegar Company Profile

Tredegar Corporation manufactures and sells aluminum extrusions, polyethylene (PE) films, and plastic and polyester films in the United States and internationally. It operates through three segments: Aluminum Extrusions, PE Films, and Flexible Packaging Films. The Aluminum Extrusions segment produces soft and medium strength alloyed aluminum extrusions, custom fabricated and finished aluminum extrusions for the building and construction, automotive and transportation, consumer durables, machinery and equipment, electrical and renewable energy, and distribution markets; and manufactures mill, anodized, and painted and alloyed aluminum extrusions to fabricators and distributors.