Short Interest in Drilling Tools International Corp. (NASDAQ:DTI) Increases By 151.6%

Posted by Geri Gentry on Jul 15th, 2026

Drilling Tools International Corp. (NASDAQ:DTI – Get Free Report) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 922,893 shares, an increase of 151.6% from the June 15th total of 366,853 shares. Currently, 3.2% of the company’s shares are short sold. Based on an average trading volume of 416,280 shares, the short-interest ratio is presently 2.2 days.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Weiss Ratings cut Drilling Tools International from a “sell (d)” rating to a “sell (d-)” rating in a research note on Tuesday, May 26th. Wall Street Zen lowered Drilling Tools International from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Zacks Research upgraded Drilling Tools International from a “strong sell” rating to a “hold” rating in a report on Friday, July 10th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Reduce”.

Check Out Our Latest Stock Analysis on Drilling Tools International

Hedge Funds Weigh In On Drilling Tools International

Large investors have recently bought and sold shares of the business. XTX Topco Ltd increased its stake in Drilling Tools International by 52.3% in the fourth quarter. XTX Topco Ltd now owns 16,026 shares of the company’s stock worth $39,000 after purchasing an additional 5,504 shares during the period. Qube Research & Technologies Ltd purchased a new stake in shares of Drilling Tools International during the second quarter valued at $49,000. OMERS ADMINISTRATION Corp purchased a new stake in shares of Drilling Tools International during the first quarter valued at $80,000. Citadel Advisors LLC bought a new position in shares of Drilling Tools International in the third quarter worth about $55,000. Finally, Veradace Capital Management LLC purchased a new position in Drilling Tools International in the 4th quarter worth about $62,000. Hedge funds and other institutional investors own 2.79% of the company’s stock.

Drilling Tools International Trading Up 0.7%

NASDAQ:DTI traded up $0.01 during mid-day trading on Wednesday, hitting $2.27. 156,974 shares of the stock traded hands, compared to its average volume of 344,832. The company has a quick ratio of 1.57, a current ratio of 2.15 and a debt-to-equity ratio of 0.38. Drilling Tools International has a 52 week low of $1.65 and a 52 week high of $4.69. The stock has a market capitalization of $79.94 million, a price-to-earnings ratio of -20.68, a PEG ratio of 2.80 and a beta of -0.60. The firm’s 50 day moving average is $2.57 and its two-hundred day moving average is $3.18.

Drilling Tools International (NASDAQ:DTI – Get Free Report) last announced its earnings results on Thursday, May 7th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.04). The business had revenue of $37.96 million for the quarter, compared to analysts’ expectations of $37.80 million. Drilling Tools International had a negative net margin of 2.35% and a positive return on equity of 0.45%. On average, equities research analysts predict that Drilling Tools International will post 0.09 earnings per share for the current year.

About Drilling Tools International

(Get Free Report)

Drilling Tools International Corporation provides oilfield equipment and services to oil and natural gas sectors in North America, Europe, and the Middle East. It offers downhole tool rentals, machining, and inspection services to support the global drilling and wellbore construction industry. The company also provides products are bottom hole assembly components, such as stabilizers, subs, non-magnetic and steel drill collars, hole openers, and roller reamers, as well as drill pipe and drill pipe accessories; ancillary equipment and handling tools to support its rental platform, including float valves, ring gauges, tool baskets, lift bail, lift subs, mud magnets, elevators, bracket and bail assemblies, slips, tongs, stabbing guides and safety clamps; and blowout preventers, and pressure control accessory equipment.