Short Interest in FTS International Inc (NYSE:FTSI) Drops By 16.4%

FTS International Inc (NYSE:FTSI) was the target of a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 6,730,000 shares, a drop of 16.4% from the December 15th total of 8,050,000 shares. Based on an average daily volume of 660,700 shares, the short-interest ratio is currently 10.2 days. Approximately 9.6% of the shares of the company are short sold.

Several brokerages recently issued reports on FTSI. ValuEngine raised FTS International from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. Zacks Investment Research downgraded FTS International from a “hold” rating to a “sell” rating in a report on Friday. Citigroup cut their price target on FTS International from $3.20 to $2.80 and set a “neutral” rating on the stock in a report on Tuesday, October 1st. Barclays cut their price target on FTS International from $5.00 to $3.00 and set an “equal weight” rating on the stock in a report on Monday, September 30th. Finally, Morgan Stanley cut their price target on FTS International from $7.00 to $4.00 and set an “overweight” rating on the stock in a report on Monday, October 7th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $4.78.

FTSI traded down $0.03 during trading hours on Tuesday, hitting $0.94. The company’s stock had a trading volume of 744,212 shares, compared to its average volume of 515,979. FTS International has a fifty-two week low of $0.89 and a fifty-two week high of $12.37. The company has a current ratio of 3.22, a quick ratio of 2.81 and a debt-to-equity ratio of 10.19. The firm has a market capitalization of $111.51 million, a PE ratio of 0.40 and a beta of 1.45. The company has a 50-day simple moving average of $1.08 and a 200 day simple moving average of $2.43.

FTS International (NYSE:FTSI) last posted its earnings results on Monday, November 4th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.06). FTS International had a negative net margin of 3.79% and a positive return on equity of 49.11%. The business had revenue of $186.00 million during the quarter, compared to analyst estimates of $208.10 million. Research analysts expect that FTS International will post -0.19 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new stake in FTS International in the 3rd quarter valued at approximately $28,000. Cubist Systematic Strategies LLC acquired a new stake in FTS International in the 2nd quarter valued at approximately $93,000. Zebra Capital Management LLC acquired a new stake in FTS International in the 3rd quarter valued at approximately $41,000. Paloma Partners Management Co acquired a new stake in FTS International in the 2nd quarter valued at approximately $141,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in FTS International in the 2nd quarter valued at approximately $155,000. Hedge funds and other institutional investors own 64.39% of the company’s stock.

About FTS International

FTS International, Inc provides hydraulic fracturing services in North America. Its services enhance hydrocarbon flow from oil and natural gas wells drilled by exploration and production companies (E&P), in shale and other unconventional resource formations. The company's wireline services primarily consist of setting plugs between hydraulic fracturing stages, creating perforations within hydraulic fracturing stages, and logging the characteristics of resource formations.

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