Team, Inc. (NYSE:TISI) Short Interest Down 15.4% in March

Team, Inc. (NYSE:TISI) saw a large decrease in short interest in March. As of March 15th, there was short interest totalling 24,700 shares, a decrease of 15.4% from the February 28th total of 29,200 shares. Based on an average trading volume of 15,300 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.6% of the shares of the company are short sold.

Team Price Performance

NYSE:TISI traded up $0.49 on Thursday, reaching $18.25. 22,824 shares of the company’s stock traded hands, compared to its average volume of 19,450. The stock has a 50-day simple moving average of $16.49 and a 200-day simple moving average of $16.85. Team has a 12 month low of $5.97 and a 12 month high of $26.77. The firm has a market cap of $82.00 million, a PE ratio of -1.49 and a beta of 1.91. The company has a quick ratio of 1.57, a current ratio of 1.80 and a debt-to-equity ratio of 17.55.

Team (NYSE:TISI) last issued its earnings results on Wednesday, March 19th. The business services provider reported ($0.82) earnings per share (EPS) for the quarter. Team had a negative net margin of 6.35% and a negative return on equity of 152.34%. The business had revenue of $213.30 million for the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Team from a “buy” rating to a “strong-buy” rating in a research report on Monday, March 24th.

Hedge Funds Weigh In On Team

A number of hedge funds and other institutional investors have recently modified their holdings of TISI. JPMorgan Chase & Co. lifted its stake in Team by 11,511.8% in the 4th quarter. JPMorgan Chase & Co. now owns 1,974 shares of the business services provider’s stock worth $25,000 after purchasing an additional 1,957 shares in the last quarter. Dimensional Fund Advisors LP purchased a new stake in shares of Team in the fourth quarter worth about $140,000. Northern Trust Corp lifted its position in shares of Team by 52.6% in the fourth quarter. Northern Trust Corp now owns 35,966 shares of the business services provider’s stock worth $456,000 after buying an additional 12,400 shares in the last quarter. Geode Capital Management LLC boosted its stake in Team by 4.8% during the fourth quarter. Geode Capital Management LLC now owns 44,471 shares of the business services provider’s stock valued at $564,000 after buying an additional 2,033 shares during the last quarter. Finally, Manatuck Hill Partners LLC grew its holdings in Team by 23.0% during the 4th quarter. Manatuck Hill Partners LLC now owns 62,075 shares of the business services provider’s stock valued at $787,000 after buying an additional 11,625 shares in the last quarter. Institutional investors own 46.57% of the company’s stock.

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.