KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) Short Interest Update

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE - Get Free Report) was the target of a significant increase in short interest in 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 short-interest ratio is presently 12.7 days.

Institutional Trading of KLX Energy Services

Hedge funds and other institutional investors have recently made changes to their positions in the business. Sequoia Financial Advisors LLC bought a new stake in KLX Energy Services in the third quarter valued at approximately $58,000. Virtu Financial LLC acquired a new position in shares of KLX Energy Services in the third quarter valued at $77,000. SkyView Investment Advisors LLC lifted its stake in shares of KLX Energy Services by 20.0% during the 3rd quarter. SkyView Investment Advisors LLC now owns 15,000 shares of the company's stock worth $82,000 after buying an additional 2,500 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of KLX Energy Services during the 2nd quarter worth about $84,000. Finally, PDT Partners LLC grew its stake in KLX Energy Services by 82.4% in the 3rd 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 institutional investors and hedge funds.

KLX Energy Services Trading Down 1.0 %

NASDAQ KLXE traded down $0.05 on Wednesday, reaching $4.96. The company had a trading volume of 103,110 shares, compared to its average volume of 179,813. The stock's 50 day moving average is $5.37 and its 200-day moving average is $5.69. KLX Energy Services has a 52 week low of $4.18 and a 52 week high of $9.80. The stock has a market cap of $83.63 million, a price-to-earnings ratio of -1.68 and a beta of 2.11. The company has a quick ratio of 1.08, a current ratio of 1.24 and a debt-to-equity ratio of 105.76.

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.