Short Interest in REX American Resources Co. (NYSE:REX) Declines By 37.6%

REX American Resources Co. (NYSE:REXGet Free Report) was the target of a significant decline in short interest in December. As of December 31st, there was short interest totalling 368,600 shares, a decline of 37.6% from the December 15th total of 591,100 shares. Based on an average daily trading volume, of 144,500 shares, the days-to-cover ratio is presently 2.6 days.

Analysts Set New Price Targets

Separately, Truist Financial decreased their price target on shares of REX American Resources from $60.00 to $55.00 and set a “buy” rating for the company in a report on Monday, December 9th.

Read Our Latest Research Report on REX

REX American Resources Stock Performance

Shares of NYSE:REX traded down $0.13 during midday trading on Tuesday, hitting $42.09. 97,705 shares of the stock were exchanged, compared to its average volume of 130,865. REX American Resources has a 52-week low of $39.02 and a 52-week high of $60.78. The business’s fifty day simple moving average is $43.31 and its two-hundred day simple moving average is $44.73. The company has a market capitalization of $739.40 million, a PE ratio of 11.02 and a beta of 0.92.

REX American Resources (NYSE:REXGet Free Report) last announced its quarterly earnings results on Tuesday, December 3rd. The energy company reported $1.38 EPS for the quarter, beating the consensus estimate of $0.72 by $0.66. REX American Resources had a return on equity of 11.05% and a net margin of 10.07%. During the same period in the previous year, the business posted $1.49 earnings per share. As a group, equities analysts anticipate that REX American Resources will post 3.03 EPS for the current year.

Institutional Investors Weigh In On REX American Resources

Several institutional investors and hedge funds have recently modified their holdings of REX. FMR LLC increased its holdings in shares of REX American Resources by 34.8% during the 3rd quarter. FMR LLC now owns 2,345 shares of the energy company’s stock valued at $109,000 after acquiring an additional 605 shares during the last quarter. CWM LLC raised its position in shares of REX American Resources by 167.2% in the third quarter. CWM LLC now owns 3,222 shares of the energy company’s stock valued at $149,000 after purchasing an additional 2,016 shares during the period. Intech Investment Management LLC bought a new position in shares of REX American Resources in the third quarter valued at approximately $213,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of REX American Resources in the third quarter worth $228,000. Finally, HighTower Advisors LLC bought a new stake in shares of REX American Resources during the 3rd quarter worth $246,000. Institutional investors and hedge funds own 88.12% of the company’s stock.

REX American Resources Company Profile

(Get Free Report)

REX American Resources Corporation, together with its subsidiaries, produces and sells ethanol in the United States. The company also offers corn, distillers grains, ethanol, distillers corn oil, gasoline, and natural gas. In addition, it provides dry distillers grains with solubles, which is used as a protein in animal feed.

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