Tetra Technologies June 15th Short Interest Update

Tetra Technologies (NYSE:TTI) has witnessed a rise of 15.8% or 380,215 shares in its short figure. The short interest augmentation took it from 2,413,325 on May 31,2016 to 2,793,540 on June 15,2016. In terms of floated shares, the short interest was calculated to be 3.6%. The days to cover are 3 given that the daily volume averaged 961,960 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Tetra Technologies (NYSE:TTI): The stock opened at $5.89 on Friday but the bulls could not build on the opening and the stock topped out at $6.05 for the day. The stock traded down to $5.85 during the day, due to lack of any buying support eventually closed down at $6.02 with a loss of -2.75% for the day. The stock had closed at $6.19 on the previous day. The total traded volume was 3,878,852 shares.

The company shares have dropped -4.75% from its 1 Year high price. On Dec 1, 2015, the shares registered one year high at $9.44 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $5.70 and the 200 Day Moving Average price is recorded at $6.25.

Tetra Technologies (NYSE:TTI) has climbed 6.36% in the past week and advanced 12.73% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 8.13% and the outperformance has advanced to 16.15% for the last 4 weeks period.

TETRA Technologies, Inc. is an oil and gas services company. The Company is focused on completion fluids and associated products and services, water management, frac flowback, production well testing, offshore rig cooling, compression services and equipment, and selected offshore services, including well plugging and abandonment, decommissioning and diving. The Company has a limited domestic oil and gas production business. It is composed of five segments organized into four divisions: Fluids, Production Testing, Compression and Offshore. The Companys Fluids division manufactures and markets clear brine fluids, additives, and associated products and services. The Production Testing division provides frac flowback, production well testing, offshore rig cooling and other associated services. The Compression division is a provider of compression services and equipment. The Offshore division provides downhole and subsea services, decommissioning and certain construction services.

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