Short Interest Don’t Lie: What’s Tenaris S A (NYSE:TS) Upside After This Short Interest Increase?

November 17, 2016 - By Adrian Mccoy   ·   0 Comments

Short Interest Don't Lie: What's Tenaris S A (NYSE:TS) Upside After This Short Interest Increase?

The stock of Tenaris S A (NYSE:TS) registered an increase of 9.51% in short interest. TS’s total short interest was 15.80 million shares in November as published by FINRA. Its up 9.51% from 14.43 million shares, reported previously. With 2.51M shares average volume, it will take short sellers 6 days to cover their TS’s short positions. The short interest to Tenaris S A’s float is 6.79%. About 1.66 million shares traded hands. Tenaris SA (ADR) (NYSE:TS) has risen 19.84% since April 15, 2016 and is uptrending. It has outperformed by 15.21% the S&P500.

Tenaris S.A. is a holding company, which is a supplier of steel pipe products and related services for energy industry and other industrial applications. The company has a market cap of $18.11 billion. The Firm operates through Tubes business segment. It currently has negative earnings. The Tubes segment includes the production and sale of both seamless and welded steel tubular products, and related services primarily for the gas and oil industry, principally oil country tubular goods used in drilling operations, and for other industrial applications with production processes.

Tenaris SA (ADR) (NYSE:TS) Ratings Coverage

Out of 14 analysts covering Tenaris SA (NYSE:TS), 6 rate it a “Buy”, 2 “Sell”, while 6 “Hold”. This means 43% are positive. Tenaris SA has been the topic of 23 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The stock of Tenaris SA (ADR) (NYSE:TS) has “Hold” rating given on Wednesday, August 5 by Zacks. On Tuesday, October 11 the stock rating was initiated by Berenberg with “Hold”. The firm has “Neutral” rating by Citigroup given on Tuesday, October 20. The company was upgraded on Thursday, September 17 by Howard Weil. The firm has “Neutral” rating by Credit Suisse given on Friday, February 26. Simmons & Co upgraded Tenaris SA (ADR) (NYSE:TS) on Tuesday, October 18 to “Overweight” rating. The stock of Tenaris SA (ADR) (NYSE:TS) has “Outperform” rating given on Tuesday, September 8 by Bernstein. The firm earned “Neutral” rating on Wednesday, July 20 by Goldman Sachs. On Wednesday, January 20 the stock rating was upgraded by Macquarie Research to “Outperform”. The firm earned “Equal-Weight” rating on Wednesday, February 24 by Morgan Stanley.

TS Company Profile

Tenaris S.A., incorporated on January 9, 2002, is a holding company, which is a supplier of steel pipe products and related services for energy industry and other industrial applications. The Firm operates through Tubes business segment. The Tubes segment includes the production and sale of both seamless and welded steel tubular products, and related services primarily for the gas and oil industry, principally oil country tubular goods (OCTG) used in drilling operations, and for other industrial applications with production processes that include in the transformation of steel into tubular products. The Firm operates in geographical areas, which include North America, South America, Europe, Middle East, Africa, and Far East and Oceania.

Another recent and important Tenaris SA (ADR) (NYSE:TS) news was published by Marketwatch.com which published an article titled: “Tenaris SA ADR” on May 22, 2009.

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By Adrian Mccoy


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