Tetra Tech (TTEK) : The traders have covered their outstanding shorts in Tetra Tech (TTEK) to the tune of -457,928 shares, a change of -26.4%. As on Jul 29, 2016, the outstanding shorts on the stock were 1,736,230 shares, however, by August 15, 2016, the shorts had reduced to 1,278,302 shares. The covering shows that the traders dont believe that a large downside exists in the stock from current levels. The open short positions equal 2.2% of the free float of the stock. It takes 4 days to cover the outstanding short positions. The stock has an average daily volume of 312,071 shares. The short interest information was released on Wednesday Aug 24th after the market close.
Tetra Tech (NASDAQ:TTEK): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $35.10 and $34.98 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $35.25. The buying momentum continued till the end and the stock did not give up its gains. It closed at $35.10, notching a gain of 0.11% for the day. The total traded volume was 270,087 . The stock had closed at $35.06 on the previous day.
In a related news, The Securities and Exchange Commission has divulged that Shoemaker Leslie L, officer (EVP) of Tetra Tech Inc, had unloaded 16,750 shares at an average price of $33.42 in a transaction dated on August 8, 2016. The total value of the transaction was worth $559,785.
Tetra Tech, Inc. is a provider of consulting, engineering, program management, construction management and technical services focusing on natural resource management, infrastructure, energy and the environment. The Company is a full-service company that leads with science. The Company serves public and private clients by addressing the fundamental needs for water, natural resources, environmental services, infrastructure and energy. Its solutions span the entire life cycle of the project and include applied science, research and technology, engineering, design, construction management, construction, operations and maintenance, and information technology. The Company operates through four segments: Engineering and Consulting Services (ECS), Technical Support Services (TSS), Engineering and Architecture Services (EAS) and Remediation and Construction Management (RCM).