Short Interest in Forum Energy Technologies, Inc. (NYSE:FET) Grows By 6.4%

Forum Energy Technologies, Inc. (NYSE:FET - Get Free Report) was the recipient of a significant growth in short interest in November. As of November 30th, there was short interest totalling 93,100 shares, a growth of 6.4% from the November 15th total of 87,500 shares. Approximately 0.9% of the company's stock are sold short. Based on an average daily volume of 50,300 shares, the short-interest ratio is currently 1.9 days.

Forum Energy Technologies Stock Performance

Shares of NYSE:FET traded down $0.26 during trading on Tuesday, reaching $14.66. 130,308 shares of the stock were exchanged, compared to its average volume of 46,021. The firm has a market cap of $180.08 million, a PE ratio of -3.47 and a beta of 2.44. The company has a current ratio of 1.93, a quick ratio of 0.87 and a debt-to-equity ratio of 0.37. Forum Energy Technologies has a 12 month low of $12.83 and a 12 month high of $23.82. The stock has a 50-day moving average price of $15.04 and a 200-day moving average price of $16.07.

Insider Buying and Selling

In other news, Director Louis Raspino sold 4,950 shares of the company's stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $15.41, for a total value of $76,279.50. Following the sale, the director now owns 16,121 shares of the company's stock, valued at approximately $248,424.61. This represents a 23.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Forum Energy Technologies

A number of institutional investors have recently bought and sold shares of FET. Barclays PLC grew its stake in Forum Energy Technologies by 86.0% during the third quarter. Barclays PLC now owns 27,714 shares of the oil and gas company's stock worth $428,000 after buying an additional 12,810 shares in the last quarter. State Street Corp increased its stake in Forum Energy Technologies by 6.9% in the third quarter. State Street Corp now owns 198,479 shares of the oil and gas company's stock valued at $3,068,000 after acquiring an additional 12,785 shares during the last quarter. SCF Partners Inc. bought a new stake in Forum Energy Technologies during the third quarter worth $12,843,000. Icon Wealth Advisors LLC increased its stake in shares of Forum Energy Technologies by 44.4% in the 3rd quarter. Icon Wealth Advisors LLC now owns 91,758 shares of the oil and gas company's stock valued at $1,419,000 after purchasing an additional 28,225 shares during the last quarter. Finally, Crossingbridge Advisors LLC acquired a new position in shares of Forum Energy Technologies during the 3rd quarter worth $3,721,000. Institutional investors own 65.60% of the company's stock.

Forum Energy Technologies Company Profile

Forum Energy Technologies, Inc designs, manufactures, and distributes products serving the oil, natural gas, industrial, and renewable energy industries in the United States and internationally. It operates through three segments: Drilling & Downhole, Completions, and Production. The Drilling & Downhole segment designs, manufactures, and supplies products, and provides related services to the drilling, well construction, artificial lift, and subsea energy construction and services markets, including applications in oil and natural gas, renewable energy, defense, and communications.

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