Tredegar Co. (NYSE:TG) Short Interest Up 17.1% in September

Tredegar Co. (NYSE:TG) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totalling 164,600 shares, an increase of 17.1% from the August 31st total of 140,600 shares. Based on an average daily volume of 93,100 shares, the days-to-cover ratio is presently 1.8 days. Currently, 0.6% of the company’s stock are short sold.

Tredegar Stock Up 0.4 %

NYSE TG traded up $0.03 during trading hours on Monday, reaching $7.28. 5,654 shares of the company’s stock traded hands, compared to its average volume of 116,710. Tredegar has a 52-week low of $3.98 and a 52-week high of $7.45. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.78 and a quick ratio of 0.41. The firm has a 50-day simple moving average of $6.02 and a 200 day simple moving average of $5.80. The firm has a market cap of $251.23 million, a PE ratio of -2.44 and a beta of 0.89.

Tredegar (NYSE:TG) last posted its quarterly earnings results on Wednesday, August 7th. The basic materials company reported $0.30 earnings per share for the quarter. Tredegar had a positive return on equity of 6.82% and a negative net margin of 10.56%. The company had revenue of $190.56 million for the quarter.

Hedge Funds Weigh In On Tredegar

Institutional investors and hedge funds have recently modified their holdings of the stock. Trexquant Investment LP raised its holdings in Tredegar by 5.9% in the 4th quarter. Trexquant Investment LP now owns 51,519 shares of the basic materials company’s stock worth $279,000 after acquiring an additional 2,891 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Tredegar by 3.6% during the second quarter. Bank of New York Mellon Corp now owns 94,353 shares of the basic materials company’s stock valued at $452,000 after purchasing an additional 3,246 shares in the last quarter. Acadian Asset Management LLC boosted its position in shares of Tredegar by 2.3% during the second quarter. Acadian Asset Management LLC now owns 184,828 shares of the basic materials company’s stock valued at $884,000 after buying an additional 4,240 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in Tredegar by 2.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 190,293 shares of the basic materials company’s stock worth $912,000 after buying an additional 5,094 shares in the last quarter. Finally, HB Wealth Management LLC lifted its stake in Tredegar by 29.8% during the 1st quarter. HB Wealth Management LLC now owns 30,005 shares of the basic materials company’s stock valued at $196,000 after acquiring an additional 6,888 shares during the period. 79.24% of the stock is currently owned by institutional investors.

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.