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

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

Institutional Investors Weigh In On KLX Energy Services

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

KLX Energy Services Stock Down 4.3 %

Shares of KLXE opened at $5.06 on Tuesday. The firm has a fifty day moving average price of $5.39 and a 200-day moving average price of $5.70. The company has a current ratio of 1.24, a quick ratio of 1.08 and a debt-to-equity ratio of 105.76. The firm has a market capitalization of $85.31 million, a P/E ratio of -1.71 and a beta of 2.11. KLX Energy Services has a 12-month low of $4.18 and a 12-month high of $9.80.

About KLX Energy Services

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.