Can Textainer Group Holdings Limitedhares (NYSE:TGH)’s Tomorrow Be Different? The Stock Had Decline in Shorts

July 14, 2018 - By James Douglas

Textainer Group Holdings Limited (NYSE:TGH) Logo

The stock of Textainer Group Holdings Limitedhares (NYSE:TGH) registered a decrease of 0.74% in short interest. TGH’s total short interest was 1.05 million shares in July as published by FINRA. Its down 0.74% from 1.06M shares, reported previously. With 125,900 shares average volume, it will take short sellers 8 days to cover their TGH’s short positions. The short interest to Textainer Group Holdings Limitedhares’s float is 4.29%.

It closed at $15.55 lastly. It is down 56.44% since July 14, 2017 and is uptrending. It has outperformed by 43.87% the S&P500.

Textainer Group Holdings Limited, through its subsidiaries, engages in the purchase, ownership, management, leasing, and disposal of a fleet of intermodal containers worldwide. The company has market cap of $887.89 million. It operates through three divisions: Container Ownership, Container Management, and Container Resale. It has a 19.71 P/E ratio. The firm owns and leases standard dry freight and special-purpose containers, as well as refrigerated containers.

Textainer Group Holdings Limited (NYSE:TGH) Ratings Coverage

Among 2 analysts covering Textainer Group Holdings (NYSE:TGH), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Textainer Group Holdings had 2 analyst reports since February 15, 2018 according to SRatingsIntel. The firm has “Hold” rating given on Thursday, February 15 by Keefe Bruyette & Woods. Compass Point initiated the stock with “Hold” rating in Monday, April 23 report.

More news for Textainer Group Holdings Limited (NYSE:TGH) were recently published by: Globenewswire.com, which released: “Report: Developing Opportunities within Vornado Realty Trust, Adecoagro SA, Pampa Energia SA, Americold Realty …” on July 02, 2018. Fool.com‘s article titled: “Better Buy: Textainer Group Holdings Ltd. vs. Nordic American Tankers Ltd.” and published on July 02, 2018 is yet another important article.

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