What’s Next for Tootsie Roll Industries Inc (NYSE:TR) After Having Less Shares Shorted?

October 13, 2018 - By Peter Kolinski

Tootsie Roll Industries, Inc. (NYSE:TR) Logo

Investors sentiment decreased to 1.11 in 2018 Q2. Its down 0.30, from 1.41 in 2018Q1. It dived, as 12 investors sold Tootsie Roll Industries, Inc. shares while 53 reduced holdings. 18 funds opened positions while 54 raised stakes. 13.76 million shares or 0.59% more from 13.68 million shares in 2018Q1 were reported.
7,922 are owned by Voya Invest Mngmt Ltd Llc. 161 were accumulated by Citigroup. Bnp Paribas Arbitrage holds 0% in Tootsie Roll Industries, Inc. (NYSE:TR) or 1,922 shares. State Treasurer State Of Michigan reported 7,088 shares. Whittier Trust invested in 0.04% or 26,995 shares. Bluestein R H holds 0.01% or 8,463 shares. California State Teachers Retirement System holds 0% of its portfolio in Tootsie Roll Industries, Inc. (NYSE:TR) for 25,039 shares. Stevens First Principles Investment Advisors reported 7,878 shares. Great West Life Assurance Can reported 0% in Tootsie Roll Industries, Inc. (NYSE:TR). Gruss & invested in 0.6% or 19,035 shares. First Tru Advsr Limited Partnership has 0% invested in Tootsie Roll Industries, Inc. (NYSE:TR). Captrust Advsrs invested 0.05% in Tootsie Roll Industries, Inc. (NYSE:TR). Huntington Bank & Trust invested 0% of its portfolio in Tootsie Roll Industries, Inc. (NYSE:TR). Moreover, State Common Retirement Fund has 0% invested in Tootsie Roll Industries, Inc. (NYSE:TR) for 17,422 shares. Fifth Third Commercial Bank holds 0% or 176 shares.

The stock of Tootsie Roll Industries Inc (NYSE:TR) registered a decrease of 4.61% in short interest. TR’s total short interest was 4.49M shares in October as published by FINRA. Its down 4.61% from 4.71 million shares, reported previously. With 93,800 shares average volume, it will take short sellers 48 days to cover their TR’s short positions. The short interest to Tootsie Roll Industries Inc’s float is 30.48%.

The stock decreased 0.56% or $0.16 during the last trading session, reaching $28.41. About 166,132 shares traded or 93.62% up from the average. Tootsie Roll Industries, Inc. (NYSE:TR) has declined 21.60% since October 13, 2017 and is downtrending. It has underperformed by 37.22% the S&P500.

Tootsie Roll Industries, Inc., together with its subsidiaries, makes and sells confectionery products primarily in the United States, Canada, and Mexico. The company has market cap of $1.98 billion. It sells its products under the TOOTSIE ROLL, TOOTSIE POPS, CHILD??S PLAY, CARAMEL APPLE POPS, CHARMS, BLOW-POP, CHARMS MINI POPS, CELLA??S, DOTS, JUNIOR MINTS, CHARLESTON CHEW, SUGAR DADDY, SUGAR BABIES, ANDES, FLUFFY STUFF, DUBBLE BUBBLE, RAZZLES, CRY BABY, NIK-L-NIP, and TUTSI POP trademarks. It has a 23.66 P/E ratio. The firm sells its products through approximately 30 candy and grocery brokers to wholesale distributors of candy and groceries, supermarkets, variety stores, dollar stores, chain grocers, drug chains, discount chains, cooperative grocery associations, mass merchandisers, warehouse and membership club stores, vending machine operators, the U.S. military, and fund-raising charitable organizations.

Tootsie Roll Industries, Inc. (NYSE:TR) Institutional Positions Chart

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