Breaking Short Interest: Is Trex Company Incorporated (NYSE:TREX)’s Fuel Running Low? Reports Show More Sellers

November 18, 2016 - By Hazel Jackson   ·   0 Comments

Breaking Short Interest: Is Trex Company Incorporated (NYSE:TREX)’s Fuel Running Low? Reports Show More Sellers

The stock of Trex Company Incorporated (NYSE:TREX) registered an increase of 0.81% in short interest. TREX’s total short interest was 1.90M shares in November as published by FINRA. Its up 0.81% from 1.88 million shares, reported previously. With 251,000 shares average volume, it will take short sellers 8 days to cover their TREX’s short positions. The short interest to Trex Company Incorporated’s float is 6.52%. The stock increased 3.42% or $2.28 during the last trading session, hitting $68.99. Trex Company Inc (NYSE:TREX) has risen 39.40% since April 18, 2016 and is uptrending. It has outperformed by 34.97% the S&P500.

Trex Company, Inc. is a manufacturer of wood-alternative decking and railing products. The company has a market cap of $2.02 billion. The Firm markets its products under the brand name Trex. It has a 33.33 P/E ratio. The Firm offers a set of outdoor living products in the decking, railing, porch, fencing, trim, steel deck framing and outdoor lighting categories.

Insitutional Activity: The institutional sentiment increased to 1.04 in 2016 Q2. Its up 0.38, from 0.66 in 2016Q1. The ratio increased, as 22 funds sold all Trex Company Inc shares owned while 74 reduced positions. 22 funds bought stakes while 41 increased positions. They now own 28.31 million shares or 2.37% less from 29.00 million shares in 2016Q1.
The Maryland-based Sandy Spring Bank & Trust has invested 0% in Trex Company Inc (NYSE:TREX). Moreover, Tiaa Cref Inv Mngmt Limited Liability has 0% invested in Trex Company Inc (NYSE:TREX) for 95,336 shares. Moreover, Swiss State Bank has 0% invested in Trex Company Inc (NYSE:TREX) for 49,300 shares. Vanguard Gp last reported 2.32M shares in the company. Vantage Investment Advisors Limited has 234 shares for 0% of their US portfolio. Prudential reported 71,350 shares or 0.01% of all its holdings. Legal & General Gp Public Limited Company last reported 7,437 shares in the company. Kbc Group Nv holds 0.02% of its portfolio in Trex Company Inc (NYSE:TREX) for 36,470 shares. Us Bank & Trust De holds 7,582 shares or 0% of its portfolio. Principal Fincl Group Incorporated holds 0.01% or 206,397 shares in its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) last reported 0% of its portfolio in the stock. Moreover, Janney Montgomery Scott Limited Liability Company has 0.01% invested in Trex Company Inc (NYSE:TREX) for 9,228 shares. Manufacturers Life Insur The last reported 19,951 shares in the company. Moreover, Credit Suisse Ag has 0% invested in Trex Company Inc (NYSE:TREX) for 24,325 shares. Agf America Inc last reported 135,056 shares in the company.

Insider Transactions: Since August 2, 2016, the stock had 0 insider purchases, and 7 insider sales for $2.32 million net activity. $353,007 worth of Trex Company Inc (NYSE:TREX) was sold by Zambanini Adam Dante. GRATZ JAY M had sold 7,051 shares worth $423,266 on Thursday, August 11. Shares for $107,211 were sold by MERLOTTI FRANK H JR. On Tuesday, August 2 Posey Richard E sold $289,565 worth of the stock or 5,266 shares. Cline James E sold $381,363 worth of Trex Company Inc (NYSE:TREX) on Tuesday, August 2. Shares for $648,316 were sold by ROBINSON PATRICIA B.

Trex Company Inc (NYSE:TREX) Ratings Coverage

Out of 5 analysts covering Trex Co (NYSE:TREX), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. Trex Co has been the topic of 7 analyst reports since September 24, 2015 according to StockzIntelligence Inc. As per Thursday, October 1, the company rating was upgraded by CLSA. CL King downgraded Trex Company Inc (NYSE:TREX) on Wednesday, October 28 to “Buy” rating. The stock of Trex Company Inc (NYSE:TREX) has “Hold” rating given on Wednesday, November 9 by Stifel Nicolaus. The firm earned “Neutral” rating on Wednesday, October 19 by Wedbush. Wedbush upgraded the stock to “Outperform” rating in Thursday, September 24 report. The firm has “Strong Buy” rating given on Thursday, October 1 by CL King. FBR Capital maintained it with “Outperform” rating and $50 target price in Friday, February 26 report.

TREX Company Profile

Trex Company, Inc., incorporated on September 4, 1998, is a maker of wood-alternative decking and railing products. The Firm markets its products under the brand name Trex. The Firm offers a set of outdoor living products in the decking, railing, porch, fencing, trim, steel deck framing and outdoor lighting categories. The Company’s decking products include Trex Transcend, Trex Enhance and Trex Select. The Company’s railing products include Trex Transcend Railing, Trex Select Railing and Trex Reveal aluminum railing. It offers Trex Transcend Porch Flooring and Railing System, which is an integrated system of porch components and accessories. It offers Trex Seclusions fencing product through over two specialty distributors. It offers TrexTrim product, which is a cellular polyvinyl chloride (PVC) residential exterior trim product. It offers a triple-coated steel deck framing system called Trex Elevations that leverages the strength and dimensional stability of steel to create a flat surface for its decking.

More notable recent Trex Company Inc (NYSE:TREX) news were published by: Fool.com which released: “Trex Company Inc Stock Up 11% on Earnings: Here’s What You Need to Know Now” on November 08, 2016, also Fool.com with their article: “Trex Company, Inc. Stock Up 13%: Here’s Why” published on August 02, 2016, Fool.com published: “Trex Company, Inc. Keeps Building a Bigger Business” on May 11, 2016. More interesting news about Trex Company Inc (NYSE:TREX) were released by: Fool.com and their article: “Is Trex Company, Inc. Entering Its Biggest Growth Phase?” published on August 10, 2016 as well as Fool.com‘s news article titled: “Trex Company, Inc. Stock Up 10% on Earnings, Guidance” with publication date: February 23, 2016.

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By Hazel Jackson


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