TRI’s Short Interest Has Dropped By 40.6%


The stocks of TRI have been one of the major recipients of a good drop in the short interest in March. The reports on the 15th of March showed a short interest which had a total of about 1,040,000 shares with a 40.6% drop from total shares of 1,750,000 on the 28th of February. 

The Quarterly Estimates Of TRI

The stocks of TRI traded on Monday at $88.52. The moving average price of the company over a period of 50 days has been $85.72, while the moving average price of the company over a period of 200 days is $82. The debt-to-equity ratio of the company has been set at 0.39, while the company also enjoys a 1.51 quick ratio and a 1.51 current ratio. The year low of the company is $59.78, with a year high of around $88.97. The market cap of the firm has been static at around $43.80 billion, with a 23.54 PE ratio along with a 3.15 PEG ratio.

TRI previously announced its quarterly results on the 22nd of February. The provider of business services had reported an EPS of $0.54 for that quarter which was more than the consensus estimate of $0.46. The revenue earned by the business over the quarter was $1.62 billion which was more than the consensus of around $1.61 billion. The net margin of the company was 31.66%, with an 8.89% return on its equity. 

There have been quite a few research equities that have commented on the stocks of TRI. National Bank Financial has lifted the rating of the company from “sector perform” to “outperform” along with a price target increased from $111 to $115 in a 15th January research report. CIBC has also increased the rating of the company from neutral to “outperform” in a 23rd February research report. Morgan Stanley has gone ahead and reduced the price target from $98 to $92 with a rating of equal weight in a 23rd March research report. 

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