Short traders are feeling a little more bearish on shares of the company of late as implied by the change in short interest. The stock realized a rise in short interest from August 15, 2017 to August 31, 2017 of 20.28%. Short interest grew 1,021,351 over that period. Days to cover increased from 4.0 to 8.0 and the percentage of shorted shares is 0.05% as of August 31.
There has been some selling insider activity on Tronox Limited Ordinary Shares (NYSE:TROX) recently. SVP & Corporate Controller Jogita Khilnani sold 5,000 shares at an average price of $20.78 on Fri the 1st. Khilnani now owns $611,036 of stock as recorded in a recent Form 4 SEC filing.
The following firms have recently changed their position in TROX. Maple Rock Capital Partners, Inc. augmented its investment by buying 352,000 shares an increase of 25.1% from 03/31/2017 to 06/30/2017. Maple Rock Capital Partners, Inc. claims 1,752,500 shares with a value of $26,498,000. The total value of its holdings increased 2.6%. As of quarter end Credit Capital Investments LLC had acquired a total of 2,516 shares growing its stake by 0.4%. The value of the investment in Tronox Limited Ordinary Shares went from $11,331,000 to $9,324,000 decreasing 17.7% since the last quarter.
Engineers Gate Manager Lp bolstered its ownership by buying 2,176 shares an increase of 2.0% as of 06/30/2017. Engineers Gate Manager Lp now controls 109,666 shares worth $1,658,000. The value of the position overall is down by 16.4%. Aristotle Capital Boston, LLC added to its holdings by buying 43,330 shares an increase of 143.5% in the quarter. Aristotle Capital Boston, LLC owns 73,517 shares valued at $1,112,000. The value of the position overall is up by 99.6%.
The company is trading down from yesterday’s close of 23.37. Additionally the company announced a dividend paid on Thursday the 25th of May 2017. The dividend payment was $0.045 per share for the quarter which comes to $0.18 on an annualized basis. The dividend yield was $0.78. The ex-dividend date was Thursday the 17th of August 2017.
The stock last traded at $22.27 which is slightly above $20.58, the 50 day moving average and which is quite a bit above the 200 day moving average of $17.58. The 50 day moving average moved up $1.68 and the 200 day average went up by +26.684%.
The P/E ratio is 55.802 and market cap is 2.65B. As of the latest earnings report the EPS was $0.40 and is projected to be $0.23 for the current year with 118,881,000 shares presently outstanding. Next quarter’s EPS is forecasted to be $0.15 and the next full year EPS is projected to be $0.80.
Tronox Limited, launched on September 21, 2011, is involved in the production and marketing of titanium bearing mineral sands and titanium dioxide (TiO2) pigment. The Company also produces natural soda ash. The Company operates through two segments: TiO2 and Alkali. Its TiO2 segment includes exploration, mining, and beneficiation of mineral sands deposits; production of titanium feedstock, including chloride slag, slag fines, synthetic rutile and leucoxene, pig iron and zircon; production and marketing of TiO2, and electrolytic manganese dioxide manufacturing and marketing, which is primarily focused on battery materials and specialty boron products. Its Alkali segment includes dry mining of trona ore underground at its Westvaco facility; secondary recovery of trona from previously dry mined areas underground at its Westvaco and Granger facilities through solution mining; refining of raw trona ore into soda ash and specialty sodium alkali products, and marketing, sale and distribution of alkali products..