Trex Company Inc (NYSE:TREX) Can’t Be More Risky. Short Interest Increased

October 13, 2018 - By Hugh Holland

Trex Company, Inc. (NYSE:TREX) Logo

Investors sentiment increased to 6.84 in Q2 2018. Its up 5.93, from 0.91 in 2018Q1. It is positive, as 23 investors sold Trex Company, Inc. shares while 8 reduced holdings. 32 funds opened positions while 180 raised stakes. 101.49 million shares or 301.74% more from 25.26 million shares in 2018Q1 were reported.
Geode Capital Lc reported 543,892 shares. Teachers Retirement Of The State Of Kentucky accumulated 19,118 shares. Us Comml Bank De has invested 0% of its portfolio in Trex Company, Inc. (NYSE:TREX). Huntington Bancorp accumulated 1,004 shares or 0% of the stock. Tci Wealth Advsrs Incorporated holds 22 shares. Sun Life Financial holds 8,690 shares. Pnc Financial Service Grp Inc holds 30,185 shares or 0% of its portfolio. State Of Alaska Department Of Revenue holds 19,248 shares or 0.02% of its portfolio. Disciplined Growth Incorporated Mn has invested 0.85% in Trex Company, Inc. (NYSE:TREX). Redwood Invs Ltd Limited Liability Company invested in 1.59% or 368,170 shares. First Republic Inv Mgmt, a California-based fund reported 3,356 shares. Bessemer Inc invested in 1,118 shares. Globeflex Cap L P stated it has 0.32% of its portfolio in Trex Company, Inc. (NYSE:TREX). Winslow Evans & Crocker holds 0.02% or 1,000 shares. Piedmont Inv Advsrs Llc has 0.04% invested in Trex Company, Inc. (NYSE:TREX).

Since May 9, 2018, it had 1 insider purchase, and 6 sales for $3.42 million activity. Shares for $165,125 were sold by MERLOTTI FRANK H JR on Wednesday, May 16. Another trade for 2,472 shares valued at $281,650 was sold by FAIRBANKS BRYAN HORIX. On Wednesday, May 9 the insider Cline James E sold $2.05M. Gerhard Christopher Paul had sold 2,990 shares worth $249,918 on Wednesday, August 22. The insider SCRIPTER JAY T bought $4,192.

The stock of Trex Company Inc (NYSE:TREX) registered an increase of 2.08% in short interest. TREX’s total short interest was 2.06M shares in October as published by FINRA. Its up 2.08% from 2.02M shares, reported previously. With 375,800 shares average volume, it will take short sellers 6 days to cover their TREX’s short positions.

The stock decreased 0.80% or $0.52 during the last trading session, reaching $64.39. About 797,392 shares traded or 66.03% up from the average. Trex Company, Inc. (NYSE:TREX) has risen 121.16% since October 13, 2017 and is uptrending. It has outperformed by 105.54% the S&P500.

Trex Company, Inc. manufactures and distributes wood/plastic composite products, and related accessories primarily for the residential and commercial decking, and railing applications in the United States. The company has market cap of $3.78 billion. It offers Trex Transcend, Trex Enhance, and Trex Select protective shells for protection against fading, staining, mold, and scratching; and Trex Hideaway, a hidden fastening system for grooved boards. It has a 32.19 P/E ratio. The firm also provides railing products, such as Trex Transcend Railing for use with Trex decking products and other decking materials; Trex Select Railing for consumers, who desire a simple clean finished look for their decks; and Trex Signature aluminum railing for contemporary look.

Trex Company, Inc. (NYSE:TREX) Ratings Coverage

Among 3 analysts covering Trex Co (NYSE:TREX), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Trex Co had 4 analyst reports since May 8, 2018 according to SRatingsIntel. The firm has “Hold” rating given on Tuesday, July 31 by Stifel Nicolaus. FBR Capital maintained Trex Company, Inc. (NYSE:TREX) rating on Tuesday, May 8. FBR Capital has “Buy” rating and $129 target. As per Tuesday, May 8, the company rating was upgraded by Sidoti. As per Tuesday, July 31, the company rating was maintained by FBR Capital.

Another recent and important Trex Company, Inc. (NYSE:TREX) news was published by Businesswire.com which published an article titled: “Trex Company Announces Timing of Third Quarter 2018 Earnings Release and Conference Call” on October 10, 2018.

Trex Company, Inc. (NYSE:TREX) Institutional Positions Chart

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