Forum Energy Technologies, Inc. (NYSE:FET) Short Interest Up 9.5% in January

Forum Energy Technologies, Inc. (NYSE:FET) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 108,300 shares, a growth of 9.5% from the December 31st total of 98,900 shares. Currently, 1.0% of the shares of the company are short sold. Based on an average daily volume of 62,300 shares, the short-interest ratio is presently 1.7 days.

Insider Buying and Selling at Forum Energy Technologies

In other news, Director Louis Raspino sold 4,950 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $15.41, for a total value of $76,279.50. Following the completion of the transaction, the director now directly owns 16,121 shares in the company, valued at approximately $248,424.61. The trade was a 23.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 5.80% of the company’s stock.

Institutional Investors Weigh In On Forum Energy Technologies

A number of institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its stake in shares of Forum Energy Technologies by 71.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,845 shares of the oil and gas company’s stock valued at $137,000 after purchasing an additional 3,693 shares during the last quarter. Barclays PLC boosted its stake in shares of Forum Energy Technologies by 86.0% in the 3rd quarter. Barclays PLC now owns 27,714 shares of the oil and gas company’s stock valued at $428,000 after purchasing an additional 12,810 shares during the last quarter. Squarepoint Ops LLC boosted its stake in shares of Forum Energy Technologies by 123.9% in the 2nd quarter. Squarepoint Ops LLC now owns 31,044 shares of the oil and gas company’s stock valued at $523,000 after purchasing an additional 17,177 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Forum Energy Technologies by 21.8% in the 2nd quarter. Renaissance Technologies LLC now owns 79,900 shares of the oil and gas company’s stock valued at $1,347,000 after purchasing an additional 14,300 shares during the last quarter. Finally, Icon Wealth Advisors LLC boosted its stake in Forum Energy Technologies by 44.4% during the third quarter. Icon Wealth Advisors LLC now owns 91,758 shares of the oil and gas company’s stock worth $1,419,000 after acquiring an additional 28,225 shares in the last quarter. 65.60% of the stock is owned by institutional investors.

Forum Energy Technologies Trading Down 2.8 %

FET traded down $0.51 during trading on Monday, reaching $17.61. 50,524 shares of the company’s stock were exchanged, compared to its average volume of 71,982. Forum Energy Technologies has a one year low of $12.83 and a one year high of $20.85. The company has a current ratio of 1.93, a quick ratio of 0.87 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $216.26 million, a PE ratio of -4.16 and a beta of 2.38. The firm has a fifty day moving average price of $16.30 and a two-hundred day moving average price of $16.12.

Forum Energy Technologies Company Profile

Forum Energy Technologies, Inc designs, manufactures, and distributes products serving the oil, natural gas, industrial, and renewable energy industries in the United States and internationally. It operates through three segments: Drilling & Downhole, Completions, and Production. The Drilling & Downhole segment designs, manufactures, and supplies products, and provides related services to the drilling, well construction, artificial lift, and subsea energy construction and services markets, including applications in oil and natural gas, renewable energy, defense, and communications.