TROX - Venator Materials: $85 Million Settlement Looks Priced In And I'm Bearish

• In April, the company received $85 million in cash as part of a settlement with Tronox, but its market valuation has increased by $82 million since then.
• Titanium dioxide prices have increased significantly over the past several months, but 2022 could be another bad year for Venator due to high energy costs and supply chain issues.
• I think the share price of Venator is likely to return below $2.00 by the end of the year.
• I’m bearish and the short borrow fee rate stands at just 0.41% as of the time of writing.

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