16 Best 52-Week Low Stocks To Buy Now According to Short Sellers

5. Tetra Tech Inc. (NASDAQ:TTEK)

Short Interest as % of Shares Outstanding: 1.78%

Tetra Tech Inc. (NASDAQ:TTEK) is a leading global consulting and engineering firm specializing in water, environment, infrastructure, and sustainable solutions. The company provides high-end consulting, data analytics, and engineering services to government and commercial clients, addressing complex challenges in resource management, climate resilience, and energy transition. With a strong focus on innovation and sustainability, TTEK leverages advanced technologies, including AI and digital modeling, to optimize project outcomes.

The share price of Tetra Tech Inc. (NASDAQ:TTEK) has been down more than 40% since early November as the company was hit by several large projects related to USAID being put on hold, with an almost certain probability that they will be ultimately canceled. The USAID work, which included water, energy, and economic programs worldwide, was typically for multiyear commitments and represented a significant portion of revenues. Current market fears are elevated as the company could be affected by further cuts in government spending, both within the US and abroad, especially considering the cost-reimbursable nature of the contracts. On the positive side, once the USAID and other at-risk programs are flushed out during the subsequent quarters, TTEK will be left with a strong and high-growth core business. Tetra Tech Inc. (NASDAQ:TTEK)’s services across the board continue to be in very high demand for things such as providing clean, secure water supplies, ensuring a healthy environment, or designing and putting in place resilient infrastructure such that it will not be impacted in the future regarding disasters or any other items. It is of no surprise that TTEK exhibits very low short interest even during peak market fears.