Short Interest in Forum Energy Technologies, Inc. (NYSE:FET) Expands By 9.5%

Forum Energy Technologies, Inc. (NYSE:FET - Get Free Report) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totalling 108,300 shares, an increase of 9.5% from the December 15th total of 98,900 shares. Based on an average daily volume of 62,300 shares, the days-to-cover ratio is presently 1.7 days. Approximately 1.0% of the company's stock are sold short.

Forum Energy Technologies Stock Performance

NYSE:FET traded down $0.11 on Friday, hitting $19.06. The company's stock had a trading volume of 90,641 shares, compared to its average volume of 67,722. Forum Energy Technologies has a one year low of $12.83 and a one year high of $21.51. The firm has a market capitalization of $234.13 million, a P/E ratio of -4.51 and a beta of 2.40. The stock has a fifty day moving average of $15.62 and a two-hundred day moving average of $15.96. The company has a current ratio of 1.93, a quick ratio of 0.87 and a debt-to-equity ratio of 0.37.

Insider Buying and Selling at Forum Energy Technologies

In other Forum Energy Technologies news, Director Louis Raspino sold 4,950 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $15.41, for a total value of $76,279.50. Following the completion of the sale, the director now owns 16,121 shares in the company, valued at $248,424.61. This trade represents a 23.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 6.20% of the company's stock.

Institutional Investors Weigh In On Forum Energy Technologies

Several hedge funds have recently added to or reduced their stakes in FET. JPMorgan Chase & Co. increased its position in Forum Energy Technologies by 71.7% during the third quarter. JPMorgan Chase & Co. now owns 8,845 shares of the oil and gas company's stock worth $137,000 after acquiring an additional 3,693 shares during the period. Rhumbline Advisers grew its position in shares of Forum Energy Technologies by 24.5% during the 2nd quarter. Rhumbline Advisers now owns 17,483 shares of the oil and gas company's stock worth $295,000 after purchasing an additional 3,437 shares in the last quarter. Barclays PLC increased its holdings in shares of 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 purchasing an additional 12,810 shares during the period. Squarepoint Ops LLC raised its position in shares of Forum Energy Technologies by 123.9% in the second quarter. Squarepoint Ops LLC now owns 31,044 shares of the oil and gas company's stock valued at $523,000 after buying an additional 17,177 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Forum Energy Technologies by 19.5% in the second quarter. Bank of New York Mellon Corp now owns 55,691 shares of the oil and gas company's stock valued at $939,000 after buying an additional 9,090 shares during the period. Institutional investors and hedge funds 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.