TriMas Co. (NASDAQ:TRS) Sees Large Decrease in Short Interest

TriMas Co. (NASDAQ:TRSGet Free Report) was the recipient of a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 149,800 shares, a drop of 48.7% from the January 15th total of 291,900 shares. Based on an average daily trading volume, of 207,900 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.4% of the company’s shares are sold short.

TriMas Stock Performance

TriMas stock traded up $0.35 during midday trading on Monday, reaching $25.35. 228,985 shares of the company traded hands, compared to its average volume of 191,324. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 20.61 and a beta of 0.72. The business has a 50 day moving average of $25.23 and a two-hundred day moving average of $24.94. TriMas has a 12 month low of $22.59 and a 12 month high of $31.32. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.59 and a quick ratio of 1.43.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut TriMas from a “buy” rating to a “hold” rating in a research note on Wednesday, December 13th.

Get Our Latest Research Report on TriMas

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Evoke Wealth LLC purchased a new position in shares of TriMas during the 4th quarter valued at about $1,471,000. Quest Partners LLC purchased a new position in shares of TriMas during the 4th quarter valued at about $528,000. Trexquant Investment LP lifted its position in shares of TriMas by 205.6% during the 4th quarter. Trexquant Investment LP now owns 79,610 shares of the industrial products company’s stock valued at $2,017,000 after buying an additional 53,556 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new position in shares of TriMas during the 4th quarter valued at $3,764,000. Finally, UBS Group AG lifted its stake in shares of TriMas by 142.3% during the 4th quarter. UBS Group AG now owns 51,371 shares of the industrial products company’s stock valued at $1,301,000 after buying an additional 30,173 shares in the last quarter.

TriMas Company Profile

(Get Free Report)

TriMas Corporation engages in the design, development, manufacture, and sale of products for consumer products, aerospace, and industrial markets worldwide. It operates through three segments: Packaging, Aerospace, and Specialty Products. The Packaging segment offers dispensing products, such as foaming and sanitizer pumps, lotion and hand soap pumps, beverage dispensers, perfume sprayers, and nasal and trigger sprayers; polymeric and steel caps and closures comprising food lids, flip-top and beverage closures, child resistance caps, drum and pail closures, and flexible spouts; polymeric jar products; integrated dispensers; bag-in-box products; and consumable vascular delivery and diagnostic test components under the Rieke, Taplast, Affaba & Ferrari, Intertech, Omega, and Rapak brands.

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