Short Interest in TETRA Technologies, Inc. (NYSE:TTI) Declines By 24.2%

TETRA Technologies, Inc. (NYSE:TTI - Get Free Report) saw a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 3,220,000 shares, a decline of 24.2% from the February 13th total of 4,250,000 shares. Based on an average trading volume of 1,040,000 shares, the short-interest ratio is presently 3.1 days. Approximately 2.6% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Separately, D. Boral Capital reaffirmed a "buy" rating and set a $5.50 price objective on shares of TETRA Technologies in a report on Thursday, February 27th.

Hedge Funds Weigh In On TETRA Technologies

A number of hedge funds have recently modified their holdings of TTI. Townsquare Capital LLC purchased a new position in shares of TETRA Technologies in the third quarter valued at about $36,000. KLCM Advisors Inc. purchased a new position in shares of TETRA Technologies in the fourth quarter valued at about $36,000. HighTower Advisors LLC purchased a new position in shares of TETRA Technologies in the fourth quarter valued at about $39,000. Aquatic Capital Management LLC purchased a new position in shares of TETRA Technologies in the fourth quarter valued at about $40,000. Finally, Cibc World Markets Corp purchased a new position in shares of TETRA Technologies in the fourth quarter valued at about $42,000. Hedge funds and other institutional investors own 70.19% of the company's stock.

TETRA Technologies Trading Down 0.7 %

TETRA Technologies stock traded down $0.03 during mid-day trading on Thursday, hitting $3.41. The company's stock had a trading volume of 329,619 shares, compared to its average volume of 1,162,149. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.33 and a quick ratio of 1.51. The stock has a market cap of $450.80 million, a price-to-earnings ratio of 170.34 and a beta of 2.04. The business has a 50 day moving average price of $4.10 and a 200-day moving average price of $3.67. TETRA Technologies has a 12 month low of $2.68 and a 12 month high of $5.12.

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TETRA Technologies (NYSE:TTI - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The oil and gas company reported $0.03 earnings per share for the quarter, hitting the consensus estimate of $0.03. The business had revenue of $134.50 million during the quarter, compared to the consensus estimate of $138.96 million. TETRA Technologies had a net margin of 0.27% and a return on equity of 14.53%. As a group, analysts forecast that TETRA Technologies will post 0.15 EPS for the current year.

About TETRA Technologies

TETRA Technologies, Inc, together with its subsidiaries, operates as an energy services and solutions company. It operates through two segments, Completion Fluids & Products Division and Water & Flowback Services. The Completion Fluids & Products segment manufactures and markets clear brine fluids, additives, and associated products and services to the oil and gas industry for use in well drilling, completion, and workover operations in the United States, as well as in Latin America, Europe, Asia, the Middle East, and Africa.