Short Interest in KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) Increases By 8.8%

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 1,480,000 shares, a growth of 8.8% from the December 31st total of 1,360,000 shares. Based on an average daily trading volume, of 116,300 shares, the days-to-cover ratio is presently 12.7 days.

KLX Energy Services Stock Down 4.3 %

KLXE opened at $5.06 on Tuesday. The firm’s 50 day simple moving average is $5.39 and its two-hundred day simple moving average is $5.70. The company has a market capitalization of $85.31 million, a PE ratio of -1.71 and a beta of 2.11. KLX Energy Services has a 1-year low of $4.18 and a 1-year high of $9.80. The company has a current ratio of 1.24, a quick ratio of 1.08 and a debt-to-equity ratio of 105.76.

Hedge Funds Weigh In On KLX Energy Services

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC bought a new position in shares of KLX Energy Services in the third quarter worth approximately $58,000. Virtu Financial LLC bought a new stake in KLX Energy Services during the 3rd quarter valued at approximately $77,000. SkyView Investment Advisors LLC boosted its stake in KLX Energy Services by 20.0% in the 3rd quarter. SkyView Investment Advisors LLC now owns 15,000 shares of the company’s stock worth $82,000 after purchasing an additional 2,500 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in KLX Energy Services during the 2nd quarter valued at approximately $84,000. Finally, PDT Partners LLC raised its position in shares of KLX Energy Services by 82.4% during the third quarter. PDT Partners LLC now owns 19,699 shares of the company’s stock valued at $108,000 after buying an additional 8,901 shares during the last quarter. 42.69% of the stock is currently owned by hedge funds and other institutional investors.

KLX Energy Services Company Profile

KLX Energy Services Holdings, Inc provides drilling, completions, production, and well intervention services and products to the onshore oil and gas producing regions of the United States. The company operates through three segments: Southwest, Rocky Mountains, and Northeast/Mid-Con. It provides directional drilling services; downhole navigational and rental tools businesses and support services, including well planning, site supervision, accommodation rentals, and other drilling rentals; and various technologies, including gamma ray, azimuthal gamma ray, real-time continuous inclination and azimuth, rotary steerable, pressure-while-drilling, mode shifting, stick-slip and destructive dynamics, dynamic sequencing and real-time shock, and vibration modules.