Short traders are more bullish on shares of the company of late if you evaluate the change in short interest. The company recorded a fall in short interest of -14.73% as of the latest report on August 31, 2017. Short shares fell 88,777 over that period. With short interest at 513,945 and short average daily volume at 43,272, days to cover is 12.0 and the percentage of shorted shares was 0.02% on August 31.
These funds have shifted positions in (TREC). Stanley-laman Group, Ltd. augmented its investment by buying 1,957 shares an increase of 6.8% in the quarter. Stanley-laman Group, Ltd. controls 30,770 shares worth $346,000. The value of the position overall is up by 8.1%. Balter Liquid Alternatives, LLC grew its position by buying 9,907 shares an increase of 10.5%. Balter Liquid Alternatives, LLC now holds 104,361 shares with a value of $1,174,000. The total value of its holdings increased 12.0%.
Crestline Management, Lp cut its holdings by shedding 5,576 shares a decrease of 6.5% from 03/31/2017 to 06/30/2017. Crestline Management, Lp currently owns 79,807 shares valued at $898,000. The value of the position overall is down by 5.3%. As of quarter end Boothbay Fund Management, LLC had acquired a total of 10,961 shares growing its holdings by 103.8%. The value of the investment in TREC went from $155,000 to $242,000 a change of 56.1% quarter to quarter.
The company is now unchanged by 0.00% percent from yesterday’s close. It is currently trading at $12.80 just above the 50 day moving average which is $12.29 and which is quite a bit higher than the 200 day moving average of $11.51. The 50 day moving average was up by +4.14% whereas the 200 day average was up by +11.22%.
The P/E ratio is currently 75.29 and the market value is 311.08M. In the last earnings report the EPS was $0.17 and is expected to be $0.32 for the current year with 24,303,000 shares now outstanding. Analysts expect next quarter’s EPS to be $0.11 with next year’s EPS anticipated to be $0.84.
Trecora Resources, launched on May 4, 1967, is involved in the manufacturing of specialty petrochemical products and synthetic waxes, and providing custom processing services. The Company operates through two segments: 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 Company 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 Business’s petrochemical operations are primarily conducted through a subsidiary, Texas Oil and Chemical Co. II, Inc. (TOCCO). TOCCO owns interests in SHR and TC..