Technipfmc Plc (NYSE:FTI) Shorts Decreased by 2.53% After Short Covering

January 19, 2018 - By Henry Gaston

 Technipfmc Plc (NYSE:FTI) Shorts Decreased by 2.53% After Short Covering

Investors sentiment decreased to 0 in 2017 Q3. Its down 0.25, from 0.25 in 2017Q2. It worsened, as 0 investors sold TechnipFMC plc shares while 1 reduced holdings. 0 funds opened positions while 0 raised stakes. 314,100 shares or 0.62% less from 316,061 shares in 2017Q2 were reported.
Focused Wealth Management Inc accumulated 136 shares. Price Michael F accumulated 250,000 shares or 3.09% of the stock. Cibc Mkts owns 63,964 shares for 0.02% of their portfolio.

The stock of Technipfmc Plc (NYSE:FTI) registered a decrease of 2.53% in short interest. FTI’s total short interest was 11.69 million shares in January as published by FINRA. Its down 2.53% from 11.99 million shares, reported previously. With 3.43 million shares average volume, it will take short sellers 3 days to cover their FTI’s short positions. The short interest to Technipfmc Plc’s float is 9.89%.

The stock increased 0.69% or $0.23 during the last trading session, reaching $33.38. About 1.67 million shares traded. TechnipFMC plc (NYSE:FTI) has 0.00% since January 19, 2017 and is . It has underperformed by 16.70% the S&P500.

TechnipFMC plc provides technologies, systems, and services for gas and oil projects worldwide. The company has market cap of $15.57 billion. It operates in three divisions: Subsea, Onshore/Offshore, and Surface Projects. It has a 174.76 P/E ratio. The Subsea segment offers products, such as trees, manifolds, controls, templates, flowline systems, umbilicals, and flexibles, as well as subsea processing products.

TechnipFMC plc (NYSE:FTI) Ratings Coverage

Among 33 analysts covering FMC Technologies (NYSE:FTI), 19 have Buy rating, 2 Sell and 12 Hold. Therefore 58% are positive. FMC Technologies had 93 analyst reports since July 23, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Seaport Global Securities on Thursday, September 22. Cowen & Co maintained the shares of FTI in report on Thursday, April 28 with “Outperform” rating. The stock has “Neutral” rating by Macquarie Research on Wednesday, September 9. As per Thursday, July 23, the company rating was upgraded by Jefferies. The firm earned “Outperform” rating on Thursday, July 23 by Cowen & Co. The company was maintained on Tuesday, September 5 by BMO Capital Markets. National Bank Canada maintained TechnipFMC plc (NYSE:FTI) rating on Thursday, August 6. National Bank Canada has “Outperform” rating and $8.50 target. Citigroup maintained TechnipFMC plc (NYSE:FTI) on Monday, October 5 with “Neutral” rating. Jefferies maintained the shares of FTI in report on Friday, October 6 with “Hold” rating. FBR Capital upgraded the stock to “Market Perform” rating in Thursday, July 23 report.

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