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Time to Reconsider Trimas Corporation (NASDAQ:TRS) After Less Short Sellers? - Money Making Articles Hot Stuff

Time to Reconsider Trimas Corporation (NASDAQ:TRS) After Less Short Sellers?

October 13, 2018 - By Marguerite Chambers

Investors sentiment decreased to 1.16 in Q2 2018. Its down 0.17, from 1.33 in 2018Q1. It turned negative, as 11 investors sold TriMas Corporation shares while 45 reduced holdings. 21 funds opened positions while 44 raised stakes. 43.89 million shares or 0.53% less from 44.13 million shares in 2018Q1 were reported.
Barrow Hanley Mewhinney & Strauss Ltd Llc has 0.01% invested in TriMas Corporation (NASDAQ:TRS) for 218,969 shares. Bank & Trust Of Montreal Can stated it has 0% in TriMas Corporation (NASDAQ:TRS). Geode Capital Mngmt Lc has 458,056 shares for 0% of their portfolio. Schwab Charles Investment Inc holds 354,658 shares. Telemus Cap Ltd Company owns 0.06% invested in TriMas Corporation (NASDAQ:TRS) for 25,269 shares. Sg Americas Ltd Liability invested in 7,618 shares or 0% of the stock. Diamond Hill Capital Mgmt, a Ohio-based fund reported 269,529 shares. Swiss National Bank holds 0% or 79,900 shares. Bluemountain Ltd Co holds 0.02% or 31,710 shares in its portfolio. State Street Corp invested in 0% or 1.03 million shares. Prudential Financial Incorporated holds 0.01% of its portfolio in TriMas Corporation (NASDAQ:TRS) for 180,504 shares. Fmr Lc, a Massachusetts-based fund reported 10,400 shares. Kennedy Capital invested in 0.05% or 99,159 shares. Alliancebernstein Ltd Partnership owns 55,400 shares. Employees Retirement Of Ohio stated it has 2,288 shares.

Since April 27, 2018, it had 0 buys, and 6 insider sales for $1.38 million activity. $203,775 worth of stock was sold by Zalupski Robert J on Tuesday, May 1. $54,100 worth of stock was sold by Swart Paul on Tuesday, May 1.

The stock of Trimas Corporation (NASDAQ:TRS) registered a decrease of 3.9% in short interest. TRS’s total short interest was 482,700 shares in October as published by FINRA. Its down 3.9% from 502,300 shares, reported previously. With 86,500 shares average volume, it will take short sellers 6 days to cover their TRS’s short positions. The short interest to Trimas Corporation’s float is 1.06%.

The stock increased 0.50% or $0.14 during the last trading session, reaching $27.99. About 126,159 shares traded or 15.27% up from the average. TriMas Corporation (NASDAQ:TRS) has risen 21.34% since October 13, 2017 and is uptrending. It has outperformed by 5.72% the S&P500.

TriMas Corporation designs, manufactures, and distributes engineered products for commercial, industrial, and consumer markets worldwide. The company has market cap of $1.28 billion. It operates through four divisions: Packaging, Aerospace, Energy, and Engineered Components. It has a 24.51 P/E ratio. The Packaging segment offers steel and plastic closure caps, drum enclosures, and specialty plastic closures, as well as dispensing systems, such as foamers, pumps, and specialty sprayers under the Rieke, Arminak & Associates, Englass, Innovative Molding, and Stolz brands to store, transport, process, and dispense various products for industrial, food and beverage, health, beauty, and home markets.

Another recent and important TriMas Corporation (NASDAQ:TRS) news was published by Globenewswire.com which published an article titled: “TriMas Announces Third Quarter 2018 Earnings Conference Call Date” on October 04, 2018.

TriMas Corporation (NASDAQ:TRS) Institutional Positions Chart

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