Short Interest in KLX Energy Services Holdings Inc (KLXE) Grows By 77.0%

KLX Energy Services Holdings Inc (NASDAQ:KLXE) was the recipient of a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 1,544,088 shares, a growth of 77.0% from the October 31st total of 872,321 shares. Based on an average daily volume of 211,140 shares, the short-interest ratio is presently 7.3 days. Currently, 7.9% of the company’s stock are sold short.

Shares of NASDAQ KLXE opened at $20.19 on Monday. KLX Energy Services has a 52 week low of $19.62 and a 52 week high of $36.13.

A number of equities research analysts have weighed in on KLXE shares. Gabelli assumed coverage on shares of KLX Energy Services in a research report on Thursday, October 11th. They set a “buy” rating for the company. ValuEngine downgraded shares of KLX Energy Services from a “sell” rating to a “strong sell” rating in a research report on Tuesday, November 27th.

In other KLX Energy Services news, VP Gary J. Roberts acquired 83,375 shares of the business’s stock in a transaction dated Thursday, October 25th. The shares were purchased at an average price of $31.26 per share, for a total transaction of $2,606,302.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John T. Collins acquired 10,000 shares of the business’s stock in a transaction dated Monday, October 29th. The stock was acquired at an average price of $29.56 per share, for a total transaction of $295,600.00. The disclosure for this purchase can be found here.

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KLX Energy Services Company Profile

KLX Energy Services Holdings, Inc provides completion, intervention, and production services and products to the onshore oil and gas producing regions of the United States. The company offers technical services, and related tools and equipment to companies engaged in the exploration and development of North American onshore conventional and unconventional oil and natural gas reserves.

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