Short Interest in Tronox Ltd (NYSE:TROX) Rises By 11.9%

Tronox Ltd (NYSE:TROX) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 10,826,700 shares, an increase of 11.9% from the May 15th total of 9,671,300 shares. Based on an average daily volume of 1,890,000 shares, the days-to-cover ratio is currently 5.7 days. Currently, 11.8% of the shares of the company are sold short.

In other news, SVP Jeffrey N. Neuman purchased 4,812 shares of Tronox stock in a transaction dated Tuesday, June 4th. The stock was bought at an average price of $10.38 per share, with a total value of $49,948.56. Following the completion of the acquisition, the senior vice president now owns 79,510 shares in the company, valued at approximately $825,313.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Wayne A. Hinman purchased 5,000 shares of Tronox stock in a transaction dated Thursday, June 13th. The shares were purchased at an average cost of $11.01 per share, with a total value of $55,050.00. Following the acquisition, the director now owns 142,807 shares of the company’s stock, valued at approximately $1,572,305.07. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 29,027 shares of company stock valued at $305,315. 1.30% of the stock is currently owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the business. FMR LLC grew its stake in Tronox by 36.7% during the 1st quarter. FMR LLC now owns 12,742,685 shares of the company’s stock valued at $167,566,000 after acquiring an additional 3,422,168 shares in the last quarter. BlackRock Inc. grew its stake in shares of Tronox by 0.7% in the 4th quarter. BlackRock Inc. now owns 6,346,202 shares of the company’s stock valued at $49,375,000 after buying an additional 42,684 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Tronox by 1.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,225,773 shares of the company’s stock valued at $32,877,000 after buying an additional 51,847 shares in the last quarter. Private Capital Management LLC grew its stake in shares of Tronox by 28.7% in the 1st quarter. Private Capital Management LLC now owns 2,757,813 shares of the company’s stock valued at $36,265,000 after buying an additional 614,394 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Tronox by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 1,267,999 shares of the company’s stock valued at $9,864,000 after buying an additional 23,548 shares in the last quarter. 56.65% of the stock is currently owned by institutional investors.

A number of equities research analysts recently weighed in on TROX shares. Zacks Investment Research upgraded shares of HAYS PLC/ADR from a “sell” rating to a “hold” rating in a research note on Tuesday, June 18th. ValuEngine upgraded shares of Vermillion from a “hold” rating to a “buy” rating in a research note on Wednesday, May 15th. Alembic Global Advisors set a $19.00 price target on shares of Tronox and gave the stock a “buy” rating in a research report on Friday, May 10th. SunTrust Banks dropped their price target on shares of Unisys to $17.00 and set a “buy” rating on the stock in a research report on Thursday, April 11th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of in a research report on Wednesday, June 19th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. Tronox presently has a consensus rating of “Hold” and a consensus price target of $15.43.

NYSE TROX traded up $0.02 on Friday, hitting $11.83. 661,920 shares of the company were exchanged, compared to its average volume of 1,395,487. The company’s 50 day moving average price is $11.58. The company has a quick ratio of 4.72, a current ratio of 5.82 and a debt-to-equity ratio of 4.80. The company has a market cap of $1.76 billion, a price-to-earnings ratio of 21.13 and a beta of 3.29. Tronox has a twelve month low of $6.46 and a twelve month high of $19.16.

Tronox (NYSE:TROX) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.22). Tronox had a return on equity of 5.43% and a net margin of 0.17%. The company had revenue of $390.00 million for the quarter, compared to analyst estimates of $414.80 million. Equities research analysts expect that Tronox will post 0.41 earnings per share for the current fiscal year.

Tronox Company Profile

Tronox Holdings plc engages in the mining, production, and marketing of inorganic minerals and chemicals in North America, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. It mines and processes titanium ore, zircon, and other minerals; and manufactures titanium dioxide pigments that add brightness and durability to paints, plastics, paper, and other everyday products.

Featured Article: How is inflation measured?

Receive News & Ratings for Tronox Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tronox and related companies with MarketBeat.com's FREE daily email newsletter.