Newpark Resources, Inc. (NYSE:NR – Get Rating) saw a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 636,100 shares, a decrease of 13.1% from the February 13th total of 732,100 shares. Approximately 0.8% of the company’s shares are sold short. Based on an average daily volume of 669,300 shares, the days-to-cover ratio is currently 1.0 days.
Newpark Resources Stock Performance
Shares of NYSE:NR opened at $4.53 on Friday. The firm has a market cap of $406.34 million, a PE ratio of -21.57 and a beta of 2.85. The firm’s 50 day simple moving average is $4.51 and its 200-day simple moving average is $3.80. Newpark Resources has a one year low of $2.38 and a one year high of $4.91. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.70 and a current ratio of 2.61.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on NR. StockNews.com raised shares of Newpark Resources from a “hold” rating to a “buy” rating in a research report on Monday, February 20th. TheStreet raised shares of Newpark Resources from a “d+” rating to a “c” rating in a research report on Friday, February 17th.
Hedge Funds Weigh In On Newpark Resources
About Newpark Resources
Newpark Resources, Inc engages in the provision of products, rentals and services to the oil and gas exploration and production industry. It operates through the Fluids Systems and Industrial Solutions segments. The Fluids Systems segment offers drilling fluids products and technical services. The Industrial Solutions segments includes site and access solutions business along with industrial bending operations.
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