Team, Inc. (NYSE:TISI) Short Interest Update

Key Points

• Short interest surged 179% to 52,660 shares as of September 15, representing 1.3% of Team’s outstanding stock. The 1.2-day short-interest ratio indicates relatively limited potential for a short squeeze.
• Team’s latest quarterly results beat expectations, with a narrower-than-forecast loss of $1.73 per share and revenue of $228.68 million versus estimates of $208.88 million. Despite recent share-price momentum near its 52-week high, the company remains unprofitable.
• Analyst sentiment remains weak, with Team carrying a consensus “Sell” rating. Meanwhile, insiders purchased 23,500 shares worth $575,750 over the past 90 days, and institutional investors own 46.57% of the stock.

Team, Inc. (NYSE:TISI - Get Free Report) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 52,660 shares, an increase of 179.0% from the August 31st total of 18,875 shares. Currently, 1.3% of the company's stock are short sold. Based on an average daily volume of 43,842 shares, the short-interest ratio is presently 1.2 days.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Wall Street Zen upgraded Team to a "hold" rating in a research note on Saturday, September 19th. Weiss Ratings reissued a "sell (d-)" rating on shares of Team in a research note on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of "Sell".

Team News Roundup

Here are the key news stories impacting Team this week:

• Neutral Sentiment: Team’s shares have shown strong recent momentum and are trading close to their 52-week high. The company’s latest reported quarter also exceeded analyst expectations, with a narrower-than-expected loss and revenue above forecasts, although the business remains unprofitable.
• Negative Sentiment: Short interest rose 179% to 52,660 shares as of September 15, up from 18,875 shares at the end of August. About 1.3% of Team’s shares are now sold short, signaling increased bearish positioning and potentially adding selling pressure. The relatively low 1.2-day short-interest ratio also suggests limited squeeze potential based on average trading volume.

Team Price Performance

Shares of Team stock opened at $28.89 on Friday. The business has a fifty day simple moving average of $22.74 and a two-hundred day simple moving average of $18.62. Team has a 1 year low of $12.34 and a 1 year high of $29.57. The company has a market capitalization of $132.32 million, a price-to-earnings ratio of -3.07 and a beta of 1.14.

Team (NYSE:TISI - Get Free Report) last released its quarterly earnings data on Monday, August 10th. The business services provider reported ($1.73) EPS for the quarter, beating the consensus estimate of ($5.94) by $4.21. The company had revenue of $228.68 million during the quarter, compared to analyst estimates of $208.88 million.

Insider Activity

In related news, CFO Clinton Roeder purchased 9,000 shares of Team stock in a transaction that occurred on Friday, August 21st. The stock was purchased at an average cost of $22.89 per share, with a total value of $206,010.00. Following the completion of the transaction, the chief financial officer owned 9,000 shares of the company's stock, valued at approximately $206,010. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anthony R. Horton purchased 2,000 shares of Team stock in a transaction that occurred on Monday, August 24th. The shares were bought at an average cost of $22.90 per share, with a total value of $45,800.00. Following the completion of the transaction, the director directly owned 28,082 shares of the company's stock, valued at approximately $643,077.80. The trade was a 7.67% increase in their position. The SEC filing for this purchase provides additional information. Insiders bought a total of 23,500 shares of company stock valued at $575,750 in the last 90 days. 8.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Team

An institutional investor recently raised its stake in Team stock. Dimensional Fund Advisors LP grew its position in Team, Inc. (NYSE:TISI - Free Report) by 6.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,952 shares of the business services provider's stock after purchasing an additional 893 shares during the quarter. Dimensional Fund Advisors LP owned about 0.33% of Team worth $238,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 46.57% of the company's stock.

Team Company Profile

Team, Inc is an industrial services company that provides inspection, maintenance, repair and engineering support for critical infrastructure and operating assets. Its customers include companies in the refining, petrochemical, chemical, power generation, pipeline, energy and other industrial sectors.

The company's services include nondestructive testing and inspection, mechanical repair, heat treatment, engineering and reliability services, valve and bolting services, emissions monitoring and control, and support for plant turnarounds and maintenance projects.

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