TORM plc (NASDAQ:TRMD) Short Interest Up 154.3% in January

TORM plc (NASDAQ:TRMDGet Free Report) saw a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 1,300,000 shares, a growth of 154.3% from the January 15th total of 511,200 shares. Approximately 3.6% of the company’s stock are short sold. Based on an average daily volume of 715,300 shares, the short-interest ratio is currently 1.8 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Trexquant Investment LP acquired a new position in shares of TORM in the 4th quarter valued at about $546,000. PNC Financial Services Group Inc. lifted its stake in shares of TORM by 65.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 9,420 shares of the company’s stock worth $286,000 after acquiring an additional 3,720 shares during the period. Norges Bank acquired a new stake in shares of TORM in the 4th quarter worth approximately $22,306,000. Kovack Advisors Inc. lifted its stake in shares of TORM by 39.5% in the 4th quarter. Kovack Advisors Inc. now owns 20,188 shares of the company’s stock worth $614,000 after acquiring an additional 5,717 shares during the period. Finally, Glenorchy Capital Ltd acquired a new stake in TORM during the fourth quarter valued at approximately $842,000.

TORM Stock Up 2.5 %

Shares of TRMD traded up $0.84 during midday trading on Monday, hitting $34.42. The company had a trading volume of 582,597 shares, compared to its average volume of 692,612. The company’s 50 day moving average price is $32.07 and its 200 day moving average price is $29.37. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of 4.25 and a beta of 0.17. TORM has a 52 week low of $22.31 and a 52 week high of $37.11. The company has a quick ratio of 2.09, a current ratio of 2.33 and a debt-to-equity ratio of 0.57.

TORM (NASDAQ:TRMDGet Free Report) last released its earnings results on Thursday, November 9th. The company reported $1.36 earnings per share for the quarter. TORM had a net margin of 43.82% and a return on equity of 44.01%. The company had revenue of $358.10 million during the quarter.

About TORM

(Get Free Report)

TORM plc, a product tanker company, engages in the transportation of refined oil products and crude oil worldwide. It operates in two operating segments, Tanker and Marine Exhaust. The company transports gasoline, jet fuel, naphtha, and gas oil, as well as dirty petroleum products, such as fuel oil. It also engages in developing and producing advanced and green marine equipment.

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