Short Interest in Team, Inc. (NYSE:TISI) Drops By 12.6%

Team, Inc. (NYSE:TISI) was the recipient of a large decrease in short interest during the month of June. As of June 15th, there was short interest totalling 15,900 shares, a decrease of 12.6% from the May 31st total of 18,200 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily volume of 12,100 shares, the short-interest ratio is currently 1.3 days.

Team Trading Down 8.6 %

Shares of NYSE:TISI opened at $8.12 on Tuesday. Team has a twelve month low of $5.05 and a twelve month high of $11.25. The firm has a market cap of $35.89 million, a P/E ratio of -0.52 and a beta of 1.84. The company has a 50 day moving average of $7.58 and a 200-day moving average of $6.98. The company has a current ratio of 1.74, a quick ratio of 1.52 and a debt-to-equity ratio of 11.41.

Team (NYSE:TISI) last released its earnings results on Tuesday, May 14th. The business services provider reported ($3.33) EPS for the quarter. The business had revenue of $199.60 million for the quarter. Team had a negative net margin of 7.93% and a negative return on equity of 89.91%.

Insiders Place Their Bets

In other news, major shareholder Corre Partners Management, Llc bought 4,000 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was purchased at an average price of $8.29 per share, for a total transaction of $33,160.00. Following the transaction, the insider now owns 1,559,520 shares in the company, valued at $12,928,420.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders bought 12,922 shares of company stock worth $96,510. Insiders own 2.70% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Team in a research note on Monday. They issued a “buy” rating for the company.

Team Company Profile

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.