Short Interest in Forum Energy Technologies, Inc. (NYSE:FET) Increases By 58.5%

27 Apr 2026, 23:18 by Doug Wharley · The Cerbat Gem

Forum Energy Technologies, Inc. (NYSE:FET – Get Free Report) was the recipient of a large growth in short interest in the month of April. As of April 15th, there was short interest totaling 489,517 shares, a growth of 58.5% from the March 31st total of 308,822 shares. Approximately 4.7% of the shares of the company are sold short. Based on an average trading volume of 148,941 shares, the short-interest ratio is currently 3.3 days.

Analysts Set New Price Targets

FET has been the topic of several recent research reports. Wall Street Zen upgraded Forum Energy Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Forum Energy Technologies in a report on Tuesday, April 21st. Finally, Zacks Research lowered Forum Energy Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce”.

View Our Latest Stock Report on Forum Energy Technologies

Insider Transactions at Forum Energy Technologies

In related news, EVP John C. Ivascu sold 4,392 shares of the business’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $60.01, for a total value of $263,563.92. Following the transaction, the executive vice president owned 81,599 shares in the company, valued at $4,896,755.99. The trade was a 5.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 7.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Forum Energy Technologies

Institutional investors have recently modified their holdings of the company. Moran Wealth Management LLC acquired a new stake in Forum Energy Technologies in the 1st quarter valued at about $372,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Forum Energy Technologies in the first quarter valued at about $513,000. Janney Montgomery Scott LLC purchased a new stake in shares of Forum Energy Technologies in the first quarter valued at about $877,000. Ritholtz Wealth Management lifted its holdings in shares of Forum Energy Technologies by 67.8% in the first quarter. Ritholtz Wealth Management now owns 54,295 shares of the oil and gas company’s stock valued at $3,185,000 after purchasing an additional 21,940 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Forum Energy Technologies in the first quarter valued at about $126,000. Hedge funds and other institutional investors own 65.60% of the company’s stock.

Forum Energy Technologies Stock Performance

FET traded up $1.36 during trading on Monday, reaching $63.29. The company’s stock had a trading volume of 158,716 shares, compared to its average volume of 148,496. The company’s fifty day moving average price is $58.30 and its 200-day moving average price is $43.82. The company has a market capitalization of $717.12 million, a price-to-earnings ratio of -71.12, a price-to-earnings-growth ratio of 3.83 and a beta of 0.58. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.01 and a current ratio of 2.17. Forum Energy Technologies has a 52-week low of $13.55 and a 52-week high of $65.43.

Forum Energy Technologies (NYSE:FET – Get Free Report) last announced its quarterly earnings results on Thursday, February 19th. The oil and gas company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.36 by $0.05. The business had revenue of $202.20 million for the quarter, compared to analyst estimates of $190.50 million. Forum Energy Technologies had a positive return on equity of 2.40% and a negative net margin of 1.22%. On average, equities analysts forecast that Forum Energy Technologies will post 2.02 earnings per share for the current fiscal year.

Forum Energy Technologies Company Profile

(Get Free Report)

Forum Energy Technologies Inc is a global provider of advanced products and services to the oil and gas industry. The company’s offerings span the full lifecycle of exploration and production, including drilling, well construction, completion and production, and subsea operations. Key product lines include premium drill bits, downhole drilling motors, directional drilling tools, subsea umbilicals, and pressure control equipment, complemented by field service support and engineered solutions for complex projects.