REX American Resources Co. (NYSE:REX) Short Interest Down 37.6% in December

REX American Resources Co. (NYSE:REX - Get Free Report) saw a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 368,600 shares, a decrease 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.

Institutional Trading of REX American Resources

Several large investors have recently modified their holdings of the business. Systematic Financial Management LP grew its stake in REX American Resources by 8.3% in the 3rd quarter. Systematic Financial Management LP now owns 692,926 shares of the energy company's stock worth $32,076,000 after acquiring an additional 52,891 shares during the period. Pacer Advisors Inc. purchased a new stake in REX American Resources in the 3rd quarter worth approximately $20,590,000. Geode Capital Management LLC grew its stake in REX American Resources by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 365,780 shares of the energy company's stock worth $16,935,000 after acquiring an additional 7,080 shares during the period. American Century Companies Inc. grew its stake in REX American Resources by 148.8% in the 2nd quarter. American Century Companies Inc. now owns 268,660 shares of the energy company's stock worth $12,248,000 after acquiring an additional 160,685 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC grew its stake in REX American Resources by 254.8% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 240,597 shares of the energy company's stock worth $11,137,000 after acquiring an additional 172,780 shares during the period. 88.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Truist Financial lowered their target price on shares of REX American Resources from $60.00 to $55.00 and set a "buy" rating on the stock in a research report on Monday, December 9th.

REX American Resources Trading Down 0.3 %

Shares of REX stock traded down $0.13 during trading hours on Tuesday, hitting $42.09. The company's stock had a trading volume of 97,705 shares, compared to its average volume of 134,088. The business has a fifty day moving average of $43.31 and a 200-day moving average of $44.73. The stock has a market cap of $739.40 million, a price-to-earnings ratio of 11.02 and a beta of 0.92. REX American Resources has a twelve month low of $39.02 and a twelve month high of $60.78.

REX American Resources (NYSE:REX - Get Free Report) last released 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 net margin of 10.07% and a return on equity of 11.05%. During the same period last year, the firm earned $1.49 EPS. On average, equities analysts expect that REX American Resources will post 3.03 EPS for the current fiscal year.

REX American Resources Company Profile

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.