Short Interest Update on Flotek Industries (FTK)

Flotek Industries (FTK) : The bears are holding on to their shorts in Accenture Plc with 12 more days remaining for them to cover their positions. The bearish positions have increased from 11,907,055 on Jul 29, 2016, to 12,026,238, on August 15, 2016. Daily, 990,077 shares are traded, which shows the high interest of the traders in the stock. The net addition of short open interest is 119,183 shares, which is an increase of just 1%. The total short interest of 23.4% of the float indicates that there arent many bears on this stock at the current prices. The short interest information was released on Wednesday Aug 24th after the market close.

Flotek Industries (NYSE:FTK): The stock opened at $14.90 on Wednesday but the bulls could not build on the opening and the stock topped out at $15.03 for the day. The stock traded down to $14.71 during the day, due to lack of any buying support eventually closed down at $14.89 with a loss of -0.93% for the day. The stock had closed at $15.03 on the previous day. The total traded volume was 536,739 shares.


In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Flotek Industries Inc/Cn/, Hardy Carla S. had sold 2,794 shares worth of $21,933 in a transaction dated January 14, 2016. In this transaction, 2,794 shares were sold at $7.85 per share.

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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