Drilling Tools International Corp. (NASDAQ:DTI) Short Interest Update

Posted by Brenda Bartman on Sep 18th, 2026

Drilling Tools International Corp. (NASDAQ:DTI – Get Free Report) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 293,886 shares, a growth of 62.8% from the August 15th total of 180,494 shares. Approximately 1.0% of the shares of the stock are short sold. Based on an average trading volume of 185,722 shares, the days-to-cover ratio is presently 1.6 days.

Drilling Tools International Stock Performance

Shares of Drilling Tools International stock opened at $2.45 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.18 and a quick ratio of 1.58. The firm has a market cap of $86.44 million, a P/E ratio of -27.22, a P/E/G ratio of 2.77 and a beta of -0.62. The firm has a 50 day simple moving average of $2.43 and a 200 day simple moving average of $2.85. Drilling Tools International has a fifty-two week low of $1.65 and a fifty-two week high of $4.69.

Drilling Tools International (NASDAQ:DTI – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The firm had revenue of $38.07 million for the quarter, compared to analyst estimates of $38.72 million. Drilling Tools International had a positive return on equity of 0.58% and a negative net margin of 1.97%. Sell-side analysts predict that Drilling Tools International will post 0.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Drilling Tools International

Hedge funds have recently added to or reduced their stakes in the company. Squarepoint Ops LLC bought a new stake in Drilling Tools International during the 2nd quarter worth about $34,000. Engineers Gate Manager LP boosted its stake in shares of Drilling Tools International by 129.2% in the 2nd quarter. Engineers Gate Manager LP now owns 37,825 shares of the company’s stock valued at $73,000 after purchasing an additional 21,319 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new position in shares of Drilling Tools International in the 1st quarter valued at about $80,000. AXQ Capital LP grew its position in shares of Drilling Tools International by 93.5% during the 2nd quarter. AXQ Capital LP now owns 48,048 shares of the company’s stock worth $93,000 after buying an additional 23,213 shares during the period. Finally, Empowered Funds LLC acquired a new stake in shares of Drilling Tools International during the 2nd quarter worth approximately $103,000. Institutional investors own 2.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on DTI shares. Zacks Research raised Drilling Tools International from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Jefferies Financial Group restated a “hold” rating and set a $2.80 target price on shares of Drilling Tools International in a report on Sunday, August 9th. Finally, Weiss Ratings lowered Drilling Tools International from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $2.80.

Read Our Latest Research Report on DTI

Drilling Tools International Company Profile

(Get Free Report)

Drilling Tools International Corp. (NASDAQ: DTI) provides rental and related services for downhole drilling tools used in oil and natural gas exploration and production. The company serves drilling contractors, exploration and production companies, and oilfield service providers, supporting onshore and offshore drilling operations.

Its product portfolio includes drill pipe, drill collars, stabilizers, subs, drilling jars, shock tools, completion tools, fishing tools, and other specialized equipment.