What’s Tredegar Corporation (NYSE:TG) Upside After This Short Interest Increase?

July 14, 2018 - By Alfred Lee

Tredegar Corporation (NYSE:TG) Logo

Investors sentiment increased to 1.31 in 2018 Q1. Its up 0.15, from 1.16 in 2017Q4. It increased, as 9 investors sold Tredegar Corporation shares while 30 reduced holdings. 13 funds opened positions while 38 raised stakes. 20.63 million shares or 0.33% more from 20.56 million shares in 2017Q4 were reported.
Gamco Investors Inc Et Al stated it has 4.48M shares or 0.54% of all its holdings. State Common Retirement Fund accumulated 33,241 shares. Barclays Public Ltd Co invested in 7,906 shares. Pub Sector Pension Board stated it has 16,123 shares or 0% of all its holdings. Moreover, Amg Natl Trust Bank & Trust has 0.05% invested in Tredegar Corporation (NYSE:TG) for 42,176 shares. Tiaa Cref Inv Mgmt Lc accumulated 60,603 shares. Riverhead Cap Mgmt Limited Liability Com invested 0% in Tredegar Corporation (NYSE:TG). Jpmorgan Chase & holds 0% in Tredegar Corporation (NYSE:TG) or 6,563 shares. Moreover, Northern Trust has 0% invested in Tredegar Corporation (NYSE:TG) for 354,648 shares. Rhumbline Advisers accumulated 0% or 63,555 shares. Ameritas Inv Prtnrs Inc holds 2,145 shares. Pinebridge Investments Lp holds 0.03% in Tredegar Corporation (NYSE:TG) or 59,478 shares. Teton has 523,120 shares for 0.89% of their portfolio. Stifel Finance Corporation stated it has 0% of its portfolio in Tredegar Corporation (NYSE:TG). Fifth Third National Bank & Trust reported 0% in Tredegar Corporation (NYSE:TG).

Since May 31, 2018, it had 0 buys, and 1 sale for $40,715 activity.

The stock of Tredegar Corporation (NYSE:TG) registered an increase of 4.08% in short interest. TG’s total short interest was 247,600 shares in July as published by FINRA. Its up 4.08% from 237,900 shares, reported previously. With 52,400 shares average volume, it will take short sellers 5 days to cover their TG’s short positions. The short interest to Tredegar Corporation’s float is 0.98%.

The stock decreased 1.24% or $0.3 during the last trading session, reaching $23.95. About 59,653 shares traded. Tredegar Corporation (NYSE:TG) has risen 44.58% since July 14, 2017 and is uptrending. It has outperformed by 32.01% the S&P500.

Tredegar Corporation, through its subsidiaries, makes and sells polyethylene plastic films, polyester films, and aluminum extrusions worldwide. The company has market cap of $788.14 million. It operates through PE Films, Flexible Packaging Films, and Aluminum Extrusions divisions. It has a 20.65 P/E ratio. The PE Films segment offers personal care materials, such as apertured films and laminate materials for use in feminine hygiene products, baby diapers, and adult incontinence products under the ComfortAire, ComfortFeel, and FreshFeel brands; breathable, embossed, and elastic materials for use as components for baby diapers, adult incontinence products, and feminine hygiene products under the ExtraFlex, FabriFlex, FlexAire, and FlexFeel brands; and absorbent transfer layers for baby diapers and adult incontinence products under the AquiDry and AquiDry Plus brands.

Another recent and important Tredegar Corporation (NYSE:TG) news was published by Globenewswire.com which published an article titled: “Market Trends Toward New Normal in Tredegar, Express, Cleveland-Cliffs, SJW, Preformed Line Products, and Xcel …” on June 25, 2018.

Tredegar Corporation (NYSE:TG) Institutional Positions Chart

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