including the following near the end of the PR:
"... The Corporation's previously announced strategic alternatives
process remains ongoing. The bid date communicated to
interested parties has now passed and the Corporation, along
with its financial advisors, is reviewing the proposals
received from those parties who submitted bids.
up a little this time, but around a million shares less than this time last year
Settlement Date Short Interest Avg Daily Share Volume Days To Cover
11/15/2013 6,414,400 721,450 8.890983
10/31/2013 6,158,926 396,256 15.542796
10/15/2013 5,982,863 638,388 9.371829
I did not see a filing for millions of shares for sale either. I did find the following via twitter : "Research analysts at Singular Research reduced their price target on shares of Flotek Industries (NYSE:FTK) from $26.00 to $24.00 in a report released on Tuesday, Analyst Ratings Net reports. The firm currently has a “buy” rating on the stock. Singular Research’s price target points to a potential upside of 19.70% from the company’s current price.
Separately, analysts at Zacks downgraded shares of Flotek Industries from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, November 14th. They now have a $19.70 price target on the stock."
He is presenting today, in about an hour
"(FTK) announced this morning it will now webcast its discussion with investors at the Stephens. Inc. investment conference in New York City on Wednesday, November 13, 2013. John Chisholm, Chairman, President and Chief Executive Officer of Flotek, will visit with conference attendees at 2:00pm EDT."
Guess they changed their mind. FTK WILL have a webcast, it's at 2pm EST, check website to verify
The discussion will not be webcast. Materials that will be provided to investors
will be available on the Flotek website coincident with the conference
Settlement Date, Short Interest, Avg Daily Share Volume, Days To Cover,
10/31/2013, 6,158,926, 396,256, 15.542796,
10/15/2013, 5,982,863, 638,388, 9.371829,
9/30/2013, 5,376,017, 605,154, 8.883717
just checked open interest this morning = 1,221 so they closed about 3000 contracts
Baker Hughes reported the average U.S. rig count for October was 1,744, down 16 from the 1,760 counted in September, and down 90 from the 1,834 counted in October 2012.
Baker Hughes announces that the international rig count for Oct 2013 was 1,315, up 31 from the 1,284 counted in Sep 2013, and up 56 from the 1,259 counted in Oct 2012