It Seems Technipfmc Plc Ordinary Share (NYSE:FTI) Will Go Down. Just Reported More Shorted Shares

July 27, 2018 - By Mary Kidd

TechnipFMC plc (NYSE:FTI) Logo

Investors sentiment decreased to 2 in Q1 2018. Its down Infinity, from Infinity in 2017Q4. It turned negative, as 0 investors sold TechnipFMC plc shares while 1 reduced holdings. 1 funds opened positions while 1 raised stakes. 351,989 shares or 59.89% less from 877,558 shares in 2017Q4 were reported.
Focused Wealth Mgmt Incorporated accumulated 136 shares. 17 are held by Gemmer Asset Management Ltd Liability Corp. Price Michael F invested 2.68% in TechnipFMC plc (NYSE:FTI). Cibc Ww has 56,836 shares.

The stock of Technipfmc Plc Ordinary Share (NYSE:FTI) registered an increase of 5.5% in short interest. FTI’s total short interest was 8.64 million shares in July as published by FINRA. Its up 5.5% from 8.19 million shares, reported previously. With 2.73 million shares average volume, it will take short sellers 3 days to cover their FTI’s short positions. The short interest to Technipfmc Plc Ordinary Share’s float is 1.97%.

The stock increased 4.32% or $1.29 during the last trading session, reaching $31.16. About 5.69M shares traded or 57.97% up from the average. TechnipFMC plc (NYSE:FTI) has risen 6.30% since July 27, 2017 and is uptrending. It has underperformed by 6.27% the S&P500.

TechnipFMC plc provides technologies, systems, and services for gas and oil projects worldwide. The company has market cap of $14.17 billion. It operates in three divisions: Subsea, Onshore/Offshore, and Surface Projects. It has a 65.05 P/E ratio. The Subsea segment offers products, such as trees, manifolds, controls, templates, flowline systems, umbilicals, and flexibles, as well as subsea processing products.

TechnipFMC plc (NYSE:FTI) Ratings Coverage

Among 11 analysts covering TechnipFMC (NYSE:FTI), 7 have Buy rating, 1 Sell and 3 Hold. Therefore 64% are positive. TechnipFMC had 12 analyst reports since January 29, 2018 according to SRatingsIntel. The stock of TechnipFMC plc (NYSE:FTI) earned “Buy” rating by Susquehanna on Friday, February 23. The stock of TechnipFMC plc (NYSE:FTI) earned “Buy” rating by Goldman Sachs on Thursday, April 12. On Monday, July 2 the stock rating was downgraded by Citigroup to “Neutral”. On Friday, April 13 the stock rating was maintained by Susquehanna with “Buy”. Wells Fargo maintained the shares of FTI in report on Thursday, May 24 with “Buy” rating. The company was downgraded on Monday, January 29 by Societe Generale. The rating was reinitiated by Credit Suisse with “Outperform” on Tuesday, July 17. RBC Capital Markets maintained TechnipFMC plc (NYSE:FTI) on Thursday, February 22 with “Buy” rating. The stock of TechnipFMC plc (NYSE:FTI) has “Buy” rating given on Thursday, February 22 by Piper Jaffray. The rating was maintained by Cowen & Co with “Buy” on Friday, April 13.

More important recent TechnipFMC plc (NYSE:FTI) news were published by: Businesswire.com which released: “TechnipFMC awarded subsea contract in Australia” on July 26, 2018, also Businesswire.com published article titled: “TechnipFMC Announces Second Quarter 2018 Results”, Seekingalpha.com published: “TechnipFMC plc 2019 Q2 – Results – Earnings Call Slides” on July 25, 2018. More interesting news about TechnipFMC plc (NYSE:FTI) was released by: Benzinga.com and their article: “FMC Technologies’ Q2 Earnings Preview” with publication date: July 25, 2018.

TechnipFMC plc (NYSE:FTI) Ratings Chart

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