Technipfmc Plc Ordinary Share (NYSE:FTI) Short Interest Decreased By 4.23%

TechnipFMC plc (NYSE:FTI) Logo

Investors sentiment increased to Infinity in 2019 Q1. Its up Infinity, from 0.5 in 2018Q4. It improved, as 0 investors sold TechnipFMC plc shares while 0 reduced holdings. 1 funds opened positions while 1 raised stakes. 488,324 shares or 715.15% more from 59,906 shares in 2018Q4 were reported.
Cibc Corporation holds 243,707 shares. Nelson Roberts Advsrs Lc holds 0% of its portfolio in TechnipFMC plc (NYSE:FTI) for 62 shares. Gemmer Asset Management Ltd Liability Com holds 393 shares or 0% of its portfolio.

The stock of Technipfmc Plc Ordinary Share (NYSE:FTI) registered a decrease of 4.23% in short interest. FTI’s total short interest was 15.62M shares in August as published by FINRA. Its down 4.23% from 16.31 million shares, reported previously. With 3.64 million shares average volume, it will take short sellers 4 days to cover their FTI’s short positions. The short interest to Technipfmc Plc Ordinary Share’s float is 3.68%.

The stock decreased 1.07% or $0.25 during the last trading session, reaching $23.02. About 4.59M shares traded or 32.29% up from the average. TechnipFMC plc (NYSE:FTI) has declined 17.37% since August 15, 2018 and is downtrending. It has underperformed by 17.37% the S&P500.

TechnipFMC plc provides technologies, systems, and services for gas and oil projects worldwide. The company has market cap of $10.23 billion. It operates in three divisions: Subsea, Onshore/Offshore, and Surface Projects. It currently has negative earnings. 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 4 analysts covering TechnipFMC PLC (NYSE:FTI), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. TechnipFMC PLC has $31 highest and $26 lowest target. $28.88’s average target is 25.46% above currents $23.02 stock price. TechnipFMC PLC had 13 analyst reports since February 22, 2019 according to SRatingsIntel. On Tuesday, July 30 the stock rating was maintained by Citigroup with “Neutral”. Barclays Capital maintained it with “Equal-Weight” rating and $2700 target in Wednesday, May 15 report. Barclays Capital maintained it with “Hold” rating and $29 target in Monday, March 4 report. Wells Fargo maintained TechnipFMC plc (NYSE:FTI) rating on Friday, February 22. Wells Fargo has “Buy” rating and $26 target. Wells Fargo maintained the stock with “Outperform” rating in Tuesday, April 9 report. Morgan Stanley maintained TechnipFMC plc (NYSE:FTI) on Tuesday, February 26 with “Buy” rating.

More notable recent TechnipFMC plc (NYSE:FTI) news were published by: Businesswire.com which released: “TechnipFMC Second Quarter 2019 Earnings Call Presentation – Business Wire” on July 24, 2019, also Benzinga.com with their article: “Earnings Scheduled For July 24, 2019 – Benzinga” published on July 24, 2019, Benzinga.com published: “18 Energy Stocks Moving In Wednesday’s Pre-Market Session – Benzinga” on August 14, 2019. More interesting news about TechnipFMC plc (NYSE:FTI) were released by: Benzinga.com and their article: “7 Energy Stocks Moving In Thursday’s Pre-Market Session – Benzinga” published on August 15, 2019 as well as Seekingalpha.com‘s news article titled: “FTI Consulting raised FY2019 guidance – Seeking Alpha” with publication date: July 25, 2019.

TechnipFMC plc (NYSE:FTI) Ratings Chart

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