Is Buying Trecora Resources (NYSE:TREC), Having Higher Short Interest a Winning Strategy?

October 13, 2018 - By Adrian Mccoy

The stock of Trecora Resources (NYSE:TREC) registered an increase of 4.22% in short interest. TREC’s total short interest was 602,000 shares in October as published by FINRA. Its up 4.22% from 577,600 shares, reported previously. With 27,400 shares average volume, it will take short sellers 22 days to cover their TREC’s short positions. The short interest to Trecora Resources’s float is 2.96%.

The stock decreased 0.39% or $0.05 during the last trading session, reaching $12.64. About 46,094 shares traded or 50.99% up from the average. Trecora Resources (NYSE:TREC) has risen 10.67% since October 13, 2017 and is uptrending. It has underperformed by 4.95% the S&P500.

Trecora Resources primarily manufactures and sells various specialty hydrocarbons and synthetic waxes in the United States. The company has market cap of $309.51 million. The firm operates two divisions, Petrochemical and Specialty Waxes. It has a 15.62 P/E ratio. The Petrochemical segment offers hydrocarbons and other petroleum based products, such as isopentane, normal pentane, isohexane, and hexane used in the production of polyethylene, packaging, polypropylene, expandable polystyrene, poly-iso/urethane foams, and crude oil from the Canadian tar sands, as well as in the catalyst support industry.

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