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

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

Team Price Performance

TISI traded up $0.69 during midday trading on Thursday, reaching $18.45. 31,128 shares of the company's stock were exchanged, compared to its average volume of 19,478. The company has a quick ratio of 1.57, a current ratio of 1.80 and a debt-to-equity ratio of 17.55. The business has a 50-day simple moving average of $16.49 and a two-hundred day simple moving average of $16.85. The firm has a market capitalization of $82.90 million, a price-to-earnings ratio of -1.50 and a beta of 1.91. Team has a one year low of $5.97 and a one year high of $26.77.

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

Institutional Investors Weigh In On Team

Large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in Team by 11,511.8% in the fourth quarter. JPMorgan Chase & Co. now owns 1,974 shares of the business services provider's stock valued at $25,000 after buying an additional 1,957 shares in the last quarter. Dimensional Fund Advisors LP acquired a new position in shares of Team in the 4th quarter worth approximately $140,000. Northern Trust Corp grew its position in Team by 52.6% during the 4th quarter. Northern Trust Corp now owns 35,966 shares of the business services provider's stock worth $456,000 after acquiring an additional 12,400 shares during the last quarter. Geode Capital Management LLC increased its holdings in Team by 4.8% during the 4th quarter. Geode Capital Management LLC now owns 44,471 shares of the business services provider's stock valued at $564,000 after purchasing an additional 2,033 shares in the last quarter. Finally, Manatuck Hill Partners LLC raised its position 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. Institutional investors own 46.57% of the company's stock.

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Analyst Ratings Changes

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

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.