November 18, 2016 - By Pete Kolinski · 0 Comments
The stock of Trecora Resources (NYSE:TREC) registered a decrease of 2.2% in short interest. TREC’s total short interest was 297,600 shares in November as published by FINRA. Its down 2.2% from 304,300 shares, reported previously. With 29,500 shares average volume, it will take short sellers 10 days to cover their TREC’s short positions. The short interest to Trecora Resources’s float is 1.79%. The stock decreased 0.42% or $0.05 on November 17, hitting $11.95. Trecora Resources (NYSE:TREC) has risen 4.82% since April 18, 2016 and is uptrending. It has outperformed by 0.39% the S&P500.
Trecora Resources, formerly Arabian American Development Company, is engaged in manufacturing of specialty petrochemical products and synthetic waxes, and providing custom processing services. The company has a market cap of $296.56 million. The Firm operates through two divisions: manufacturing of various specialty petrochemical products and manufacturing of specialty synthetic waxes. It has a 14.2 P/E ratio. The specialty petrochemical products segment operates through South Hampton Resources, Inc. .
Trecora Resources, formerly Arabian American Development Company, incorporated on May 4, 1967, is engaged in the manufacturing of specialty petrochemical products and synthetic waxes, and providing custom processing services. The Firm operates through two business divisions: the manufacturing of various specialty petrochemical products and the manufacturing of specialty synthetic waxes. The specialty petrochemical products segment operates through South Hampton Resources, Inc. (SHR). The specialty synthetic wax segment operates through Trecora Chemical, Inc. (TC). The Firm also owns interests in Al Masane Al Kobra Mining Company (AMAK), a Saudi Arabian closed joint stock mining company, which is in commercial production of copper and zinc concentrate, and interests in Pioche Ely Valley Mines, Inc. (PEVM), a Nevada mining corporation, which presently does not conduct any business activity but owns undeveloped properties in the United States. The Company’s petrochemical activities are primarily conducted through a subsidiary, Texas Oil and Chemical Co. II, Inc. (TOCCO). TOCCO owns interests in SHR and TC.
More notable recent Trecora Resources (NYSE:TREC) news were published by: Prnewswire.com which released: “Trecora Resources to Present at the Southwest IDEAS Conference November 16 in …” on November 09, 2016, also Prnewswire.com with their article: “Trecora Resources Appoints Sami Ahmad as Chief Financial Officer” published on September 20, 2016, Prnewswire.com published: “Trecora Resources Reports Second Quarter 2016 Results” on August 04, 2016. More interesting news about Trecora Resources (NYSE:TREC) were released by: Streetinsider.com and their article: “Trecora Resources (TREC) Misses Q3 EPS by 8c” published on November 03, 2016 as well as Prnewswire.com‘s news article titled: “Trecora Resources agrees to acquire SSI Chusei, Inc.” with publication date: September 22, 2014.
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By Pete Kolinski