Team, Inc. (NYSE:TISI) Short Interest Update

Team, Inc. (NYSE:TISI) was the recipient of a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 16,800 shares, a decrease of 20.8% from the October 15th total of 21,200 shares. Based on an average daily volume of 29,500 shares, the short-interest ratio is currently 0.6 days. Approximately 0.4% of the shares of the company are short sold.

Team Price Performance

Shares of TISI traded down $1.22 on Friday, reaching $14.28. 20,782 shares of the stock traded hands, compared to its average volume of 49,671. The stock’s 50-day moving average price is $18.48 and its 200-day moving average price is $12.43. The company has a debt-to-equity ratio of 17.55, a quick ratio of 1.59 and a current ratio of 1.80. Team has a 12 month low of $5.05 and a 12 month high of $26.77.

Institutional Investors Weigh In On Team

Institutional investors and hedge funds have recently bought and sold shares of the business. Barclays PLC boosted its holdings in Team by 7.3% during 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 in the last quarter. Renaissance Technologies LLC bought a new position in Team during the 2nd quarter valued at about $118,000. Finally, Geode Capital Management LLC boosted its position 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 buying an additional 3,973 shares in the last quarter. Institutional investors own 46.57% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Team from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 12th.

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.