Drilling Tools International Co. (NASDAQ:DTI – Get Free Report) saw a significant increase in short interest in August. As of August 31st, there was short interest totalling 242,200 shares, an increase of 7.4% from the August 15th total of 225,500 shares. Currently, 2.4% of the company’s stock are short sold. Based on an average daily volume of 66,800 shares, the days-to-cover ratio is currently 3.6 days.
Wall Street Analyst Weigh In
Separately, Alliance Global Partners reduced their price objective on Drilling Tools International from $8.50 to $7.50 and set a “buy” rating for the company in a research note on Wednesday, August 7th.
View Our Latest Stock Analysis on DTI
Institutional Investors Weigh In On Drilling Tools International
Drilling Tools International Stock Performance
NASDAQ:DTI opened at $3.94 on Tuesday. The firm has a market cap of $136.76 million, a price-to-earnings ratio of 9.16, a price-to-earnings-growth ratio of 1.11 and a beta of -0.98. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.97 and a quick ratio of 1.50. Drilling Tools International has a 1-year low of $2.43 and a 1-year high of $6.36. The firm’s fifty day moving average price is $4.57 and its 200 day moving average price is $4.75.
Drilling Tools International (NASDAQ:DTI – Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.02). Drilling Tools International had a return on equity of 16.64% and a net margin of 7.85%. The company had revenue of $37.53 million for the quarter, compared to analyst estimates of $42.72 million. On average, sell-side analysts expect that Drilling Tools International will post 0.37 EPS for the current year.
Drilling Tools International Company Profile
Drilling Tools International Corporation provides oilfield equipment and services to oil and natural gas sectors in North America, Europe, and the Middle East. It offers downhole tool rentals, machining, and inspection services to support the global drilling and wellbore construction industry. The company also provides products are bottom hole assembly components, such as stabilizers, subs, non-magnetic and steel drill collars, hole openers, and roller reamers, as well as drill pipe and drill pipe accessories; ancillary equipment and handling tools to support its rental platform, including float valves, ring gauges, tool baskets, lift bail, lift subs, mud magnets, elevators, bracket and bail assemblies, slips, tongs, stabbing guides and safety clamps; and blowout preventers, and pressure control accessory equipment.
Read More
- Five stocks we like better than Drilling Tools International
- How to Invest in Small Cap Stocks
- Lock In Gains: Apple Stock Could Rally 30% Before the Holidays
- What is Put Option Volume?
- How to Apply Trading Volume Analysis to Stock Trading
- 3 Natural Gas Stocks That Offer Great Dividend Yields
- Market Got It Wrong—Why Progress Software Deserves a Second Look
Receive News & Ratings for Drilling Tools International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Drilling Tools International and related companies with MarketBeat.com's FREE daily email newsletter.