Short Interest in Flotek Industries, Inc. (NYSE:FTK) Decreases By 7.3%

Flotek Industries, Inc. (NYSE:FTK - Get Free Report) was the target of a large drop in short interest in the month of 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 daily volume of 245,400 shares, the short-interest ratio is currently 2.5 days. Approximately 2.1% of the company's stock are short sold.

Analyst Upgrades and Downgrades

Separately, Roth Mkm raised their target price on shares of Flotek Industries from $6.50 to $8.00 and gave the company a "buy" rating in a research report on Thursday, November 7th.

Institutional Trading of Flotek Industries

Institutional investors have recently modified their holdings of the company. Geode Capital Management LLC boosted its holdings in shares of Flotek Industries by 108.1% in the 3rd quarter. Geode Capital Management LLC now owns 297,483 shares of the oil and gas company's stock valued at $1,483,000 after buying an additional 154,497 shares in the last quarter. Barclays PLC bought a new stake in shares of Flotek Industries in the 3rd quarter valued at about $66,000. PDT Partners LLC bought a new stake in shares of Flotek Industries in the 3rd quarter valued at about $86,000. Acuitas Investments LLC bought a new stake in shares of Flotek Industries in the 4th quarter valued at about $2,586,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Flotek Industries in the 3rd quarter valued at about $60,000. 10.90% of the stock is currently owned by institutional investors.

Flotek Industries Price Performance

NYSE FTK traded down $0.19 during trading on Friday, reaching $8.24. 203,827 shares of the company's stock traded hands, compared to its average volume of 215,657. The firm has a market cap of $245.40 million, a price-to-earnings ratio of 31.67 and a beta of 1.18. The company's 50 day simple moving average is $8.76 and its two-hundred day simple moving average is $6.69. Flotek Industries has a 12-month low of $2.64 and a 12-month high of $10.35.

About Flotek Industries

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).