Flotek Industries, Inc. (NYSE:FTK) Short Interest Update

Flotek Industries, Inc. (NYSE:FTK) was the target of a significant drop in short interest in January. As of January 31st, there was short interest totalling 609,500 shares, a drop of 7.3% from the January 15th total of 657,800 shares. Based on an average trading volume of 245,400 shares, the days-to-cover ratio is currently 2.5 days. Approximately 2.1% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, Roth Mkm boosted their price target on Flotek Industries from $6.50 to $8.00 and gave the company a “buy” rating in a report on Thursday, November 7th.

Institutional Investors Weigh In On Flotek Industries

Institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC acquired a new position in Flotek Industries in the 4th quarter worth about $42,000. XTX Topco Ltd purchased a new stake in shares of Flotek Industries in the third quarter valued at approximately $53,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Flotek Industries during the 4th quarter worth approximately $57,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Flotek Industries during the 3rd quarter worth approximately $60,000. Finally, Barclays PLC purchased a new position in shares of Flotek Industries during the 3rd quarter valued at approximately $66,000. 10.90% of the stock is currently owned by institutional investors and hedge funds.

Flotek Industries Trading Down 1.3 %

FTK traded down $0.12 on Monday, reaching $9.04. The stock had a trading volume of 164,168 shares, compared to its average volume of 213,614. The business’s 50-day moving average price is $8.72 and its two-hundred day moving average price is $6.63. The company has a market cap of $269.24 million, a P/E ratio of 34.75 and a beta of 1.18. Flotek Industries has a 12-month low of $2.64 and a 12-month high of $10.35.

Flotek Industries Company Profile

Flotek Industries, Inc operates as a technology-driven green chemistry and data company that serves customers across industrial and commercial markets in the United States, the United Arab Emirates, and internationally. It operates through two segments: Chemistry Technologies (CT) and Data Analytics (DA).