Team, Inc. (NYSE:TISI) Short Interest Down 20.6% in January

Team, Inc. (NYSE:TISI) was the recipient of a significant drop in short interest during the month of 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 volume of 29,100 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.7% of the shares of the stock are sold short.

Team Stock Up 1.2 %

NYSE:TISI opened at $17.00 on Friday. The company’s 50-day moving average is $15.67 and its two-hundred day moving average is $15.41. Team has a 1-year low of $5.05 and a 1-year high of $26.77. The company has a current ratio of 1.80, a quick ratio of 1.57 and a debt-to-equity ratio of 17.55.

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of TISI. Renaissance Technologies LLC acquired a new position in Team during the 2nd quarter worth about $118,000. Geode Capital Management LLC lifted its position in shares of Team by 10.3% during the third quarter. Geode Capital Management LLC now owns 42,438 shares of the business services provider’s stock worth $647,000 after purchasing an additional 3,973 shares in the last quarter. Finally, Barclays PLC boosted its stake in shares of Team by 7.3% in the third quarter. Barclays PLC now owns 274,706 shares of the business services provider’s stock valued at $4,189,000 after purchasing an additional 18,733 shares during the period. Hedge funds and other institutional investors own 46.57% of the company’s stock.

Analyst Upgrades and Downgrades

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

About Team

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.