Team, Inc. (NYSE:TISI) Sees Large Decrease in Short Interest

Team, Inc. (NYSE:TISI) saw a significant drop in short interest in January. As of January 15th, there was short interest totalling 28,600 shares, a drop of 20.6% from the December 31st total of 36,000 shares. Based on an average daily trading volume, of 29,100 shares, the short-interest ratio is currently 1.0 days. Approximately 0.7% of the company’s stock are sold short.

Team Price Performance

Shares of TISI opened at $17.00 on Friday. Team has a 52-week low of $5.05 and a 52-week high of $26.77. The company has a quick ratio of 1.57, a current ratio of 1.80 and a debt-to-equity ratio of 17.55. The stock has a 50 day moving average price of $15.67 and a 200 day moving average price of $15.41.

Team (NYSE:TISI) last issued its earnings results on Monday, November 11th. The business services provider reported ($2.84) earnings per share (EPS) for the quarter. Team had a negative net margin of 6.35% and a negative return on equity of 152.34%. The company had revenue of $210.76 million during the quarter.

Institutional Trading of Team

A number of hedge funds and other institutional investors have recently made changes to their positions in TISI. Renaissance Technologies LLC purchased a new position in shares of Team during the second quarter worth approximately $118,000. Barclays PLC grew its position in Team by 7.3% during the 3rd quarter. Barclays PLC now owns 274,706 shares of the business services provider’s stock worth $4,189,000 after purchasing an additional 18,733 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Team by 10.3% in the third quarter. Geode Capital Management LLC now owns 42,438 shares of the business services provider’s stock valued at $647,000 after purchasing an additional 3,973 shares during the period. Institutional investors and hedge funds own 46.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Team from a “buy” rating to a “strong-buy” rating in a research report on Friday, January 24th.

Team Company Profile

Team, Inc, together with its subsidiaries, provides a suite of conventional, specialized, and proprietary mechanical, heat-treating, and inspection services in the United States, Canada, Europe, and internationally. It operates through Inspection and Heat Treating (IHT) and Mechanical Services (MS) segments.