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Will Trustmark Corporation (NASDAQ:TRMK) Run Out of Steam Soon? Short Interest is Up - Money Making Articles Hot Stuff

Will Trustmark Corporation (NASDAQ:TRMK) Run Out of Steam Soon? Short Interest is Up

October 13, 2018 - By Nellie Frank

Trustmark Corporation (NASDAQ:TRMK) Logo

Investors sentiment decreased to 0.99 in 2018 Q2. Its down 0.13, from 1.12 in 2018Q1. It is negative, as 10 investors sold Trustmark Corporation shares while 61 reduced holdings. 21 funds opened positions while 49 raised stakes. 41.58 million shares or 1.83% more from 40.84 million shares in 2018Q1 were reported.
Connable Office holds 0.05% or 8,039 shares. 44,878 are held by Guggenheim Cap. Lpl Fincl Ltd Liability Com accumulated 11,903 shares. Piermont Mngmt reported 0.69% in Trustmark Corporation (NASDAQ:TRMK). 30,669 are owned by Asset Management. Farmers National Bank holds 0.01% or 400 shares in its portfolio. Wells Fargo Company Mn invested 0.02% of its portfolio in Trustmark Corporation (NASDAQ:TRMK). Tiaa Cref Inv Mgmt Ltd Llc has 0% invested in Trustmark Corporation (NASDAQ:TRMK). Balyasny Asset Ltd Liability Corp invested in 218,660 shares. D E Shaw And owns 0% invested in Trustmark Corporation (NASDAQ:TRMK) for 38,018 shares. Bessemer Group Incorporated reported 600 shares or 0% of all its holdings. The Florida-based State Board Of Administration Of Florida Retirement System has invested 0% in Trustmark Corporation (NASDAQ:TRMK). Bluemountain Capital Mngmt Limited Company holds 4,257 shares. Oppenheimer Asset owns 47,835 shares. Liberty Mutual Gp Asset Inc holds 0.01% or 13,498 shares in its portfolio.

Since July 27, 2018, it had 0 buys, and 2 selling transactions for $135,295 activity. 2,000 shares were sold by Woods Charles Scott, worth $70,829.

The stock of Trustmark Corporation (NASDAQ:TRMK) registered an increase of 0.69% in short interest. TRMK’s total short interest was 4.09M shares in October as published by FINRA. Its up 0.69% from 4.06M shares, reported previously. With 191,900 shares average volume, it will take short sellers 21 days to cover their TRMK’s short positions. The short interest to Trustmark Corporation’s float is 6.29%.

The stock decreased 2.70% or $0.88 during the last trading session, reaching $31.77. About 541,271 shares traded or 78.70% up from the average. Trustmark Corporation (NASDAQ:TRMK) has risen 16.71% since October 13, 2017 and is uptrending. It has outperformed by 1.09% the S&P500.

Trustmark Corporation operates as the bank holding firm for Trustmark National Bank that provides banking and other financial solutions to individuals and corporate institutions in the United States. The company has market cap of $2.15 billion. The firm offers checking, savings, and money market accounts; individual retirement accounts; certificates of deposits; financing for commercial and industrial projects, income producing commercial real estate, owner-occupied real estate, and construction and land development; and installment and real estate loans, and lines of credit. It has a 17 P/E ratio. It also provides mortgage banking services, including construction financing, production of conventional and government insured mortgages, and secondary marketing and mortgage servicing; overdraft facilities; safe deposit boxes; and treasury management services.

Trustmark Corporation (NASDAQ:TRMK) Institutional Positions Chart

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