Is Triton International Limitedhares (NYSE:TRTN)’s Fuel Running High? Reports Show Less Sellers

October 13, 2018 - By Marie Mckinney

The stock of Triton International Limitedhares (NYSE:TRTN) registered a decrease of 5.92% in short interest. TRTN’s total short interest was 1.79 million shares in October as published by FINRA. Its down 5.92% from 1.90 million shares, reported previously. With 385,100 shares average volume, it will take short sellers 5 days to cover their TRTN’s short positions. The short interest to Triton International Limitedhares’s float is 3.46%.

The stock increased 1.60% or $0.48 during the last trading session, reaching $30.46. About 481,655 shares traded. Triton International Limited (NYSE:TRTN) has risen 14.62% since October 13, 2017 and is uptrending. It has underperformed by 1.00% the S&P500.

Triton International Limited engages in the acquisition, leasing, re-leasing, and sale of various intermodal containers and chassis to shipping lines, and freight forwarding companies and manufacturers. The company has market cap of $2.46 billion. It operates in two divisions, Equipment Leasing and Equipment Trading. It has a 5.38 P/E ratio. The firm primarily leases dry freight containers, refrigerated containers, special containers, tank containers, and chassis, as well as manages containers owned by third parties.

More news for Triton International Limited (NYSE:TRTN) were recently published by: Fool.com, which released: “Why Triton International, Seaspan, and Costamare Stocks All Sank on Friday” on September 28, 2018. Schaeffersresearch.com‘s article titled: “Facebook Security Breach Sends Stock Spiraling” and published on September 28, 2018 is yet another important article.

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