What’s Tecnoglass Inc – Ordinary Shares (NASDAQ:TGLS) Upside After This Short Interest Increase?

July 14, 2018 - By Tamara Reed

Tecnoglass Inc. (NASDAQ:TGLS) Logo

Investors sentiment increased to 2.33 in 2018 Q1. Its up 1.45, from 0.88 in 2017Q4. It improved, as 2 investors sold Tecnoglass Inc. shares while 4 reduced holdings. 6 funds opened positions while 8 raised stakes. 1.48 million shares or 29.91% more from 1.14 million shares in 2017Q4 were reported.
Perritt Cap Management invested in 118,542 shares. New York-based Morgan Stanley has invested 0% in Tecnoglass Inc. (NASDAQ:TGLS). Citigroup has 0% invested in Tecnoglass Inc. (NASDAQ:TGLS). Covey Cap Advsrs Ltd Liability Co owns 10,625 shares. Rutabaga Mgmt Limited Ma owns 582,390 shares. Royal Financial Bank Of Canada reported 0% of its portfolio in Tecnoglass Inc. (NASDAQ:TGLS). Wells Fargo Commerce Mn has 39,411 shares. Malaga Cove Cap Ltd, a California-based fund reported 95,027 shares. Deutsche Comml Bank Ag holds 0% or 40,054 shares. 23,180 were accumulated by Northern Tru Corporation. Kennedy Cap Incorporated holds 0.05% of its portfolio in Tecnoglass Inc. (NASDAQ:TGLS) for 259,115 shares. Advisory Ser Networks Ltd Liability Company accumulated 1,000 shares. Acadian Asset Limited Liability Corporation has invested 0% in Tecnoglass Inc. (NASDAQ:TGLS). Bank & Trust Of America De reported 0% of its portfolio in Tecnoglass Inc. (NASDAQ:TGLS). Vanguard Group has invested 0% in Tecnoglass Inc. (NASDAQ:TGLS).

The stock of Tecnoglass Inc – Ordinary Shares (NASDAQ:TGLS) registered an increase of 2.52% in short interest. TGLS’s total short interest was 353,600 shares in July as published by FINRA. Its up 2.52% from 344,900 shares, reported previously. With 16,900 shares average volume, it will take short sellers 21 days to cover their TGLS’s short positions. The short interest to Tecnoglass Inc – Ordinary Shares’s float is 1.1%.

The stock decreased 0.22% or $0.02 during the last trading session, reaching $9. About 2,456 shares traded. Tecnoglass Inc. (NASDAQ:TGLS) has declined 7.92% since July 14, 2017 and is downtrending. It has underperformed by 20.49% the S&P500.

Tecnoglass Inc., through its subsidiaries, makes and sells architectural glass and windows for residential and commercial construction industries in North, Central, and South America. The company has market cap of $318.06 million. The firm offers soft coat, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass. It has a 20.74 P/E ratio. It also produces, exports, imports, and markets aluminum products, including profiles, rods, bars, plates, tubes, and other hardware used in the manufacture of architectural glass settings, such as windows, doors, spatial separators, and similar products.

Tecnoglass Inc. (NASDAQ:TGLS) Ratings Coverage

Among 2 analysts covering Tecnoglass (NASDAQ:TGLS), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Tecnoglass had 3 analyst reports since March 6, 2018 according to SRatingsIntel. The stock has “Buy” rating by FBR Capital on Monday, March 5. The rating was maintained by FBR Capital with “Buy” on Wednesday, March 14.

More news for Tecnoglass Inc. (NASDAQ:TGLS) were recently published by: Nasdaq.com, which released: “Tecnoglass Sets Date for Second Quarter 2018 Earnings Release and Conference Call” on June 28, 2018. Globenewswire.com‘s article titled: “TECNOGLASS ANNOUNCES TIMING OF REGULAR QUARTERLY DIVIDEND FOR SECOND QUARTER 2018” and published on June 19, 2018 is yet another important article.

Tecnoglass Inc. (NASDAQ:TGLS) Ratings Chart

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