TETRA Technologies, Inc. (NYSE:TTI) Short Interest Update

TETRA Technologies, Inc. (NYSE:TTI) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 3,790,000 shares, an increase of 17.7% from the August 31st total of 3,220,000 shares. Currently, 3.1% of the shares of the company are sold short. Based on an average trading volume of 1,090,000 shares, the days-to-cover ratio is currently 3.5 days.

TETRA Technologies Trading Up 6.6 %

Shares of TETRA Technologies stock traded up $0.19 during trading on Monday, hitting $3.09. The stock had a trading volume of 2,344,490 shares, compared to its average volume of 1,321,042. TETRA Technologies has a 1 year low of $2.68 and a 1 year high of $6.77. The company has a quick ratio of 1.72, a current ratio of 2.41 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $405.22 million, a PE ratio of 19.44 and a beta of 2.05. The stock has a 50 day simple moving average of $3.16 and a 200 day simple moving average of $3.67.

TETRA Technologies (NYSE:TTI) last posted its quarterly earnings results on Wednesday, July 31st. The oil and gas company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.03). TETRA Technologies had a net margin of 1.61% and a return on equity of 18.84%. The business had revenue of $171.94 million for the quarter, compared to analyst estimates of $180.66 million. On average, research analysts expect that TETRA Technologies will post 0.19 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised TETRA Technologies from a “sell” rating to a “hold” rating in a research note on Friday, August 9th.

Institutional Trading of TETRA Technologies

A number of hedge funds have recently made changes to their positions in TTI. Vanguard Group Inc. lifted its holdings in shares of TETRA Technologies by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 7,609,375 shares of the oil and gas company’s stock valued at $33,710,000 after buying an additional 89,099 shares during the last quarter. Gendell Jeffrey L lifted its stake in TETRA Technologies by 5.5% in the first quarter. Gendell Jeffrey L now owns 4,811,224 shares of the oil and gas company’s stock valued at $21,314,000 after acquiring an additional 252,632 shares during the last quarter. Dimensional Fund Advisors LP grew its position in TETRA Technologies by 3.2% in the second quarter. Dimensional Fund Advisors LP now owns 3,129,181 shares of the oil and gas company’s stock worth $10,827,000 after acquiring an additional 96,898 shares in the last quarter. Huber Capital Management LLC increased its stake in shares of TETRA Technologies by 5.1% during the 2nd quarter. Huber Capital Management LLC now owns 1,945,586 shares of the oil and gas company’s stock worth $6,732,000 after purchasing an additional 95,096 shares during the last quarter. Finally, Masters Capital Management LLC raised its holdings in shares of TETRA Technologies by 70.0% during the 2nd quarter. Masters Capital Management LLC now owns 1,700,000 shares of the oil and gas company’s stock valued at $5,882,000 after purchasing an additional 700,000 shares in the last quarter. 70.19% of the stock is owned by hedge funds and other institutional investors.

About TETRA Technologies

TETRA Technologies, Inc, together with its subsidiaries, operates as an energy services and solutions company. It operates through two segments, Completion Fluids & Products Division and Water & Flowback Services. The Completion Fluids & Products segment manufactures and markets clear brine fluids, additives, and associated products and services to the oil and gas industry for use in well drilling, completion, and workover operations in the United States, as well as in Latin America, Europe, Asia, the Middle East, and Africa.