Team, Inc. (NYSE:TISI – Get Free Report) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totalling 15,900 shares, a decline of 12.6% from the May 31st total of 18,200 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily trading volume, of 12,100 shares, the days-to-cover ratio is presently 1.3 days.
Analysts Set New Price Targets
Separately, StockNews.com assumed coverage on shares of Team in a report on Monday. They set a “buy” rating on the stock.
Check Out Our Latest Report on Team
Team Price Performance
Team (NYSE:TISI – Get Free Report) last announced its earnings results on Tuesday, May 14th. The business services provider reported ($3.33) earnings per share (EPS) for the quarter. Team had a negative return on equity of 89.91% and a negative net margin of 7.93%. The business had revenue of $199.60 million for the quarter.
Insider Transactions at Team
In other Team news, major shareholder Corre Partners Management, Llc bought 4,000 shares of Team stock in a transaction that occurred on Friday, June 14th. The shares were purchased at an average cost of $8.29 per share, for a total transaction of $33,160.00. Following the completion of the transaction, the insider now owns 1,559,520 shares of the company’s stock, valued at approximately $12,928,420.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders bought a total of 12,922 shares of company stock worth $96,510 over the last ninety days. 2.70% of the stock is currently owned by corporate insiders.
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.
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