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

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

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Team from a "buy" rating to a "strong-buy" rating in a research note on Monday, March 24th.

Team Price Performance

TISI traded up $0.85 during trading on Friday, hitting $19.00. The company's stock had a trading volume of 122,658 shares, compared to its average volume of 19,870. The firm has a market capitalization of $85.37 million, a price-to-earnings ratio of -1.55 and a beta of 1.60. Team has a twelve month low of $5.97 and a twelve month high of $26.77. The business's fifty day simple moving average is $16.54 and its 200 day simple moving average is $16.90. The company has a current ratio of 1.80, a quick ratio of 1.57 and a debt-to-equity ratio of 17.55.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Barclays PLC increased its stake in Team by 7.3% during the 3rd quarter. Barclays PLC now owns 274,706 shares of the business services provider's stock worth $4,189,000 after buying an additional 18,733 shares in the last quarter. Northern Trust Corp increased its position in shares of Team by 52.6% during the fourth quarter. Northern Trust Corp now owns 35,966 shares of the business services provider's stock worth $456,000 after purchasing an additional 12,400 shares in the last quarter. Manatuck Hill Partners LLC raised its stake in Team by 23.0% in the 4th quarter. Manatuck Hill Partners LLC now owns 62,075 shares of the business services provider's stock valued at $787,000 after purchasing an additional 11,625 shares during the last quarter. Dimensional Fund Advisors LP acquired a new position in Team in the 4th quarter valued at $140,000. Finally, Geode Capital Management LLC lifted its holdings in Team by 10.3% in the 3rd quarter. Geode Capital Management LLC now owns 42,438 shares of the business services provider's stock valued at $647,000 after purchasing an additional 3,973 shares in the last quarter. 46.57% of the stock is owned by hedge funds and other institutional investors.

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.