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

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

Hedge Funds Weigh In On TriMas

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in TriMas by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 4,215,033 shares of the industrial products company’s stock valued at $104,364,000 after purchasing an additional 34,517 shares during the period. Victory Capital Management Inc. raised its stake in TriMas by 0.8% during the 4th quarter. Victory Capital Management Inc. now owns 3,175,434 shares of the industrial products company’s stock valued at $88,087,000 after purchasing an additional 24,364 shares during the period. Wasatch Advisors LP raised its stake in TriMas by 2.7% during the 2nd quarter. Wasatch Advisors LP now owns 3,142,111 shares of the industrial products company’s stock valued at $86,377,000 after purchasing an additional 83,223 shares during the period. Allspring Global Investments Holdings LLC raised its stake in TriMas by 16.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,069,777 shares of the industrial products company’s stock valued at $77,757,000 after purchasing an additional 422,717 shares during the period. Finally, BlackRock Inc. raised its stake in TriMas by 0.4% during the 2nd quarter. BlackRock Inc. now owns 2,909,281 shares of the industrial products company’s stock valued at $79,976,000 after purchasing an additional 12,142 shares during the period.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of TriMas from a “buy” rating to a “hold” rating in a research report on Wednesday, December 13th.

Check Out Our Latest Report on TriMas

TriMas Stock Performance

TRS stock traded up $0.35 on Monday, reaching $25.35. The company’s stock had a trading volume of 228,985 shares, compared to its average volume of 191,324. TriMas has a 52 week low of $22.59 and a 52 week high of $31.32. The company has a market capitalization of $1.05 billion, a P/E ratio of 20.61 and a beta of 0.72. The firm has a fifty day moving average of $25.23 and a two-hundred day moving average of $24.94. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.59 and a quick ratio of 1.43.

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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