Trading was light with 2,500 shares changing hands on Tuesday. Shares saw a steep decrease in trading volume of 79.12% under the normal average daily volume.
Investors are feeling more bullish on the company lately if you watch the fall in short interest. The stock saw a fall in short interest from September 29, 2017 to October 13, 2017 of -65.84%. Short shares decreased 50,382 over that period. Days to cover decreased -4.0 to 1.0 and the percentage of shorted shares is 0.00% as of October 13.
The company is so far trading up since yesterday’s close of $0.00. Shares of the company are trading at $24.92 just a bit higher than the 50 day moving average which is $24.79 and which is a tad above the 200 day moving average of $24.39. The 50 day moving average moved up $0.13 and the 200 day average was up $0.53.
TravelCenters of America LLC operates and franchises travel center, and standalone convenience store and restaurant locations in the United States and Canada. It operates in two segments, Travel Centers and Convenience Stores. The company offers diesel fuel and gasoline, and diesel exhaust fluid; and operates full service restaurants and quick service restaurants (QSRs). It also operates truck repair and maintenance facilities that offer oil change, wheel alignment, tire repair, and diesel filter cleaning, as well as air conditioning, brakes, and electrical systems diagnostics and repair services. In addition, the company provides RoadSquad, a roadside truck service; RoadSquad Connect, a centralized call center; RoadSquad OnSite, a truck and trailer repair service at customer facilities; and Reserve-It!, a parking program, as well as operates travel and convenience stores that offer packaged food and snack items, beverages, non-prescription drug and beauty supplies, batteries, automobile accessories, tobacco products, and music and video products. Further, it offers information center, banking desk, Wi-Fi Internet access, laundry, private shower, exercise facility, and theater or big screen television room services to drivers. The company serves trucking fleets and drivers, independent truck drivers, highway and local motorists, and casual diners. As of December 31, 2016, it operated 255 travel centers under the TravelCenters of America, TA, Petro Stopping Centers, and Petro brands; 233 convenience stores under the Minit Mart brand; approximately 200 full service restaurants under the Iron Skillet and Country Pride brands; approximately 430 QSRs under Arby’s, Burger King, Dunkin’ Donuts, Pizza Hut, Popeye’s Chicken & Biscuits, Starbuck’s Coffee, Subway, Taco Bell, O’Deli’s Subs, Godfather’s Pizza, and Hunt Brothers Pizza brands; and 52 standalone restaurants under the Quaker Steak & Lube brand. The company was founded in 1992 and is headquartered in Westlake, Ohio..Advertisement