A Reversal for Trustmark Corporation (NASDAQ:TRMK) Is Not Near. The Stock Has Rise in Shorts

October 13, 2018 - By Ellis Scott

Trustmark Corporation (NASDAQ:TRMK) Logo

Investors sentiment decreased to 0.99 in 2018 Q2. Its down 0.13, from 1.12 in 2018Q1. It fall, as 10 investors sold Trustmark Corporation shares while 61 reduced holdings. 21 funds opened positions while 49 raised stakes. 41.58 million shares or 1.83% more from 40.84 million shares in 2018Q1 were reported.
Tower Rech Capital Limited Company (Trc) stated it has 0% of its portfolio in Trustmark Corporation (NASDAQ:TRMK). Eaton Vance Mngmt has 61,000 shares. Janney Montgomery Scott holds 9,755 shares. Commercial Bank Of Montreal Can reported 5,147 shares stake. 151,104 were reported by Renaissance Technology Llc. First Trust Limited Partnership invested in 0.01% or 127,092 shares. Farmers National Bank & Trust holds 0.01% or 400 shares. Parkside Bancorporation Trust stated it has 68 shares or 0% of all its holdings. Royal Bank Of Canada has invested 0% of its portfolio in Trustmark Corporation (NASDAQ:TRMK). Cwm Llc has 0.01% invested in Trustmark Corporation (NASDAQ:TRMK). Wesbanco State Bank Inc has 0.05% invested in Trustmark Corporation (NASDAQ:TRMK) for 28,160 shares. Ing Groep Nv has invested 0.01% in Trustmark Corporation (NASDAQ:TRMK). New Mexico Educational Retirement Board has 0.02% invested in Trustmark Corporation (NASDAQ:TRMK). Bluemountain Cap Ltd Liability Com invested 0% in Trustmark Corporation (NASDAQ:TRMK). 300 are owned by Strs Ohio.

Since July 27, 2018, it had 0 buys, and 2 sales for $135,295 activity. On Friday, July 27 WALKER HARRY M sold $64,466 worth of Trustmark Corporation (NASDAQ:TRMK) or 1,826 shares.

The stock of Trustmark Corporation (NASDAQ:TRMK) registered an increase of 0.69% in short interest. TRMK’s total short interest was 4.09M shares in October as published by FINRA. Its up 0.69% from 4.06 million shares, reported previously. With 191,900 shares average volume, it will take short sellers 21 days to cover their TRMK’s short positions. The short interest to Trustmark Corporation’s float is 6.29%.

The stock decreased 2.70% or $0.88 during the last trading session, reaching $31.77. About 541,271 shares traded or 78.70% up from the average. Trustmark Corporation (NASDAQ:TRMK) has risen 16.71% since October 13, 2017 and is uptrending. It has outperformed by 1.09% the S&P500.

Trustmark Corporation operates as the bank holding firm for Trustmark National Bank that provides banking and other financial solutions to individuals and corporate institutions in the United States. The company has market cap of $2.15 billion. The firm offers checking, savings, and money market accounts; individual retirement accounts; certificates of deposits; financing for commercial and industrial projects, income producing commercial real estate, owner-occupied real estate, and construction and land development; and installment and real estate loans, and lines of credit. It has a 17 P/E ratio. It also provides mortgage banking services, including construction financing, production of conventional and government insured mortgages, and secondary marketing and mortgage servicing; overdraft facilities; safe deposit boxes; and treasury management services.

Trustmark Corporation (NASDAQ:TRMK) Institutional Positions Chart

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