Pyxus International Inc (PYX) Sees Significant Increase in Short Interest

Pyxus International Inc (NYSE:PYX) saw a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 2,908,860 shares, a growth of 70.1% from the October 31st total of 1,709,789 shares. Based on an average daily volume of 1,800,788 shares, the days-to-cover ratio is presently 1.6 days. Approximately 34.0% of the shares of the stock are sold short.

A number of equities analysts recently weighed in on the company. Cann reaffirmed a “buy” rating on shares of Pyxus International in a report on Thursday, October 11th. They noted that the move was a valuation call. TheStreet raised Pyxus International from a “d+” rating to a “c” rating in a report on Wednesday, September 12th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. O Shaughnessy Asset Management LLC acquired a new position in Pyxus International in the 3rd quarter worth about $286,000. Donald Smith & CO. Inc. acquired a new position in shares of Pyxus International during the third quarter valued at approximately $15,338,000. Acadian Asset Management LLC acquired a new position in shares of Pyxus International during the third quarter valued at approximately $696,000. Bank of New York Mellon Corp acquired a new position in shares of Pyxus International during the third quarter valued at approximately $758,000. Finally, TIAA CREF Investment Management LLC acquired a new position in shares of Pyxus International during the third quarter valued at approximately $213,000. 57.34% of the stock is owned by institutional investors.

NYSE PYX opened at $13.40 on Wednesday. Pyxus International has a twelve month low of $12.00 and a twelve month high of $52.43. The company has a debt-to-equity ratio of 3.97, a current ratio of 1.81 and a quick ratio of 0.59.

Pyxus International (NYSE:PYX) last released its quarterly earnings results on Thursday, November 8th. The company reported ($6.04) earnings per share for the quarter. The business had revenue of $394.88 million during the quarter. Pyxus International had a negative return on equity of 16.81% and a net margin of 1.58%.

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About Pyxus International

Pyxus International, Inc, an agricultural company, engages in the provision of various agricultural products, ingredients, and services to businesses and customers. It offers products in the leaf tobacco, e-liquids, industrial hemp, and cannabis industries. The company was formerly known as Alliance One International, Inc and changed its name to Pyxus International, Inc in September 2018.

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