Drilling Tools International Co. (NASDAQ:DTI – Get Free Report) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totalling 611,400 shares, an increase of 27.0% from the June 30th total of 481,600 shares. Currently, 12.1% of the shares of the company are sold short. Based on an average trading volume of 68,200 shares, the days-to-cover ratio is presently 9.0 days.
Drilling Tools International Stock Performance
Shares of NASDAQ DTI traded down $0.02 during midday trading on Tuesday, reaching $5.33. 2,329 shares of the company traded hands, compared to its average volume of 49,365. Drilling Tools International has a 52 week low of $2.43 and a 52 week high of $6.36. The stock has a 50-day moving average price of $5.65 and a 200 day moving average price of $4.45. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.92 and a quick ratio of 1.59. The company has a market cap of $158.67 million, a price-to-earnings ratio of 12.44, a PEG ratio of 0.96 and a beta of -0.93.
Drilling Tools International (NASDAQ:DTI – Get Free Report) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.02). Drilling Tools International had a return on equity of 14.88% and a net margin of 8.21%. The business had revenue of $36.97 million during the quarter. Sell-side analysts anticipate that Drilling Tools International will post 0.62 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Drilling Tools International
Wall Street Analyst Weigh In
Separately, Alliance Global Partners started coverage on shares of Drilling Tools International in a research note on Monday, July 1st. They set a “buy” rating and a $8.50 price objective on the stock.
View Our Latest Research Report on DTI
About Drilling Tools International
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.
Further Reading
- Five stocks we like better than Drilling Tools International
- 3 Fintech Stocks With Good 2021 Prospects
- Why SoFi Stock is an Unmissable Growth Opportunity
- Transportation Stocks Investing
- Has Micron’s Stock Drop Turned Into A Screaming Buy?
- Ride Out The Recession With These Dividend KingsĀ
- Should You Invest in Bonds? Here’s What to Know
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.