Forum Energy Technologies, Inc. (NYSE:FET) Short Interest Update

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

Insider Transactions at Forum Energy Technologies

In related news, Director Louis Raspino sold 4,950 shares of Forum Energy Technologies stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $15.41, for a total value of $76,279.50. Following the transaction, the director now owns 16,121 shares of the company’s stock, valued at approximately $248,424.61. This trade represents a 23.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 5.80% of the company’s stock.

Institutional Trading of Forum Energy Technologies

Several institutional investors have recently made changes to their positions in FET. Bank of New York Mellon Corp boosted its position in Forum Energy Technologies by 19.5% during the second quarter. Bank of New York Mellon Corp now owns 55,691 shares of the oil and gas company’s stock valued at $939,000 after purchasing an additional 9,090 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Forum Energy Technologies by 24.5% during the 2nd quarter. Rhumbline Advisers now owns 17,483 shares of the oil and gas company’s stock valued at $295,000 after buying an additional 3,437 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Forum Energy Technologies by 6.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 438,899 shares of the oil and gas company’s stock valued at $7,400,000 after buying an additional 25,982 shares in the last quarter. Renaissance Technologies LLC grew 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 buying an additional 14,300 shares in the last quarter. Finally, Squarepoint Ops LLC increased its holdings in Forum Energy Technologies by 123.9% in the second quarter. Squarepoint Ops LLC now owns 31,044 shares of the oil and gas company’s stock worth $523,000 after buying an additional 17,177 shares during the last quarter. 65.60% of the stock is currently owned by institutional investors and hedge funds.

Forum Energy Technologies Trading Down 0.6 %

Shares of NYSE:FET traded down $0.11 during mid-day trading on Monday, hitting $19.06. The stock had a trading volume of 90,641 shares, compared to its average volume of 67,722. The company’s 50 day moving average is $15.62 and its 200-day moving average is $15.96. Forum Energy Technologies has a 12-month low of $12.83 and a 12-month high of $21.51. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.87 and a current ratio of 1.93. The company has a market cap of $234.06 million, a PE ratio of -4.51 and a beta of 2.40.

About Forum Energy Technologies

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.