Flotek Industries June 15th Short Interest Update

Flotek Industries (NYSE:FTK), A reduction of 104,910 shares or 0.9% was observed in the short interest of Flotek Industries Inc The interest on June 15,2016 came in at 10,988,949 shares and as per the average daily trading of 764,012 shares, the days to cover are 14. The reduced interest is 21.5% of the floated shares. The data of May 31,2016 put the interest at 11,093,859 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Flotek Industries (NYSE:FTK): The stock opened at $12.80 on Friday but the bulls could not build on the opening and the stock topped out at $13.39 for the day. The stock traded down to $12.75 during the day, due to lack of any buying support eventually closed down at $12.88 with a loss of -6.80% for the day. The stock had closed at $13.82 on the previous day. The total traded volume was 2,215,142 shares.

The company shares have rallied 2.14% from its 1 Year high price. On Sep 3, 2015, the shares registered one year high at $21.72 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $12.10 and the 200 Day Moving Average price is recorded at $9.19.

Flotek Industries (NYSE:FTK) has climbed 0.23% in the past week and advanced 9.43% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 1.9% and the outperformance has advanced to 12.74% for the last 4 weeks period.

Flotek Industries, Inc. is a diversified, technology-driven company that develops and supplies oilfield products, services and equipment to the oil, gas and mining industries. The Company also develops and supplies compounds to companies that make cleaning products, cosmetics, food and beverages and other products for the consumer and industrial markets. The Company has four segments: Energy Chemical Technologies, Consumer and Industrial Chemical Technologies, Drilling Technologies and Production Technologies. The Companys customers primarily include major integrated oil and natural gas companies, oilfield service companies, independent oil and natural gas companies, pressure pumping service companies, international supply chain management companies, national and state-owned oil companies, household and commercial cleaning product companies, fragrance and cosmetic companies, and food manufacturing companies.

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