FMC Technologies (NYSE:FTI) has seen a shortfall of 1,320,516 shares or 12.7% in the short interest. The remaining shorts are 4.1% of the total floated shares. The net short interest, as on June 15,2016, stood at 9,076,291 shares and the stocks days to cover will be 3 by factoring in the average per day volume of 3,188,256 shares. On May 31,2016, 10,396,807 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
FMC Technologies (NYSE:FTI): The stock opened at $26.18 on Friday but the bulls could not build on the opening and the stock topped out at $26.97 for the day. The stock traded down to $25.86 during the day, due to lack of any buying support eventually closed down at $25.90 with a loss of -7.86% for the day. The stock had closed at $28.11 on the previous day. The total traded volume was 8,080,686 shares.
The company shares have dropped -36.52% from its 1 Year high price. On Jul 1, 2015, the shares registered one year high at $41.72 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $27.50 and the 200 Day Moving Average price is recorded at $27.00.
FMC Technologies (NYSE:FTI) has tumbled 4.25% during the past week and has dropped 4.07% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 2.66%. FMC Technologies (NYSE:FTI) has underperformed the index by 1.17% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
FMC Technologies, Inc. is a provider of technology solutions for the energy industry. The Companys segments include Subsea Technologies, Surface Technologies and Energy Infrastructure. Subsea Technologies designs and manufactures products and systems and provides services used by oil and gas companies involved in deepwater exploration and production of crude oil and natural gas. Surface Technologies designs and manufactures systems and provides services used by oil and gas companies involved in land and offshore exploration and production of crude oil and gas; designs, manufactures and supplies high pressure valves and fittings for oilfield service companies, and also provides flowback and wireline services for exploration companies. Energy Infrastructure manufactures and supplies liquid and gas measurement and transportation equipment and systems for the production, transportation and processing of crude oil, natural gas and petroleum-based refined products and the mining industry.