Tetra Technologies Inc (NYSE:TTI) Stock Is Shorted Less

April 16, 2018 - By Winifred Garcia

Investors sentiment increased to 1.32 in 2017 Q4. Its up 0.68, from 0.64 in 2017Q3. It improved, as 17 investors sold TETRA Technologies, Inc. shares while 36 reduced holdings. 32 funds opened positions while 38 raised stakes. 96.68 million shares or 1.19% less from 97.84 million shares in 2017Q3 were reported.
Viking Fund Mngmt Ltd stated it has 60,000 shares. 556,350 were accumulated by Adirondack And Mngmt. Guggenheim Capital Limited Liability Company accumulated 15,666 shares. The Illinois-based Citadel Advisors Lc has invested 0% in TETRA Technologies, Inc. (NYSE:TTI). Geode Cap Management Ltd Liability Corporation stated it has 961,796 shares. Huber Capital Mngmt Ltd Liability reported 1.27M shares stake. Berkshire Asset Management Llc Pa has 0.04% invested in TETRA Technologies, Inc. (NYSE:TTI) for 100,000 shares. State Of Tennessee Treasury Department holds 0% or 91,664 shares in its portfolio. 41,400 are held by Cna Fincl Corp. Prudential Fincl owns 0% invested in TETRA Technologies, Inc. (NYSE:TTI) for 183,660 shares. Gardner Lewis Asset Mngmt Limited Partnership invested in 317,770 shares. Arizona State Retirement System invested in 0.01% or 194,794 shares. California State Teachers Retirement System invested in 180,524 shares. Morgan Stanley reported 0% of its portfolio in TETRA Technologies, Inc. (NYSE:TTI). Great West Life Assurance Can invested in 0% or 147,569 shares.

Since March 21, 2018, it had 1 insider purchase, and 0 sales for $29,602 activity.

The stock of Tetra Technologies Inc (NYSE:TTI) registered a decrease of 7.38% in short interest. TTI’s total short interest was 4.79M shares in April as published by FINRA. Its down 7.38% from 5.17M shares, reported previously. With 725,400 shares average volume, it will take short sellers 7 days to cover their TTI’s short positions. The short interest to Tetra Technologies Inc’s float is 4.28%.

The stock decreased 0.84% or $0.03 during the last trading session, reaching $3.56. About 189,485 shares traded. TETRA Technologies, Inc. (NYSE:TTI) has declined 1.86% since April 16, 2017 and is downtrending. It has underperformed by 13.41% the S&P500.

TETRA Technologies, Inc., together with its subsidiaries, operates as a diversified gas and oil services company. The company has market cap of $449.31 million. It operates through four divisions: Fluids, Production Testing, Compression, and Offshore. It currently has negative earnings. The Fluids division makes and markets clear brine fluids, additives, and associated services and products to the gas and oil industry for use in well drilling, completion, and workover activities in the United States, as well as in Latin America, Europe, Asia, the Middle East, and Africa.

TETRA Technologies, Inc. (NYSE:TTI) Ratings Coverage

Among 7 analysts covering Tetra Technologies (NYSE:TTI), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Tetra Technologies had 9 analyst reports since November 10, 2017 according to SRatingsIntel. Loop Capital maintained TETRA Technologies, Inc. (NYSE:TTI) on Friday, November 10 with “Buy” rating. The stock of TETRA Technologies, Inc. (NYSE:TTI) earned “Equal-Weight” rating by Morgan Stanley on Wednesday, November 15. The company was maintained on Thursday, November 9 by RBC Capital Markets. As per Thursday, December 28, the company rating was maintained by Piper Jaffray. The rating was maintained by Credit Suisse with “Outperform” on Thursday, March 1. Credit Suisse maintained the stock with “Outperform” rating in Friday, November 10 report. The stock of TETRA Technologies, Inc. (NYSE:TTI) has “Hold” rating given on Thursday, December 21 by RBC Capital Markets. Scotia Capital downgraded the stock to “Hold” rating in Thursday, January 11 report.

TETRA Technologies, Inc. (NYSE:TTI) Institutional Positions Chart

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