Short Interest in REX American Resources Corporation (NYSE:REX) Rises By 70.2%

Key Points

• Short interest in REX American Resources Corporation increased by 70.2% in September, totaling 703,500 shares compared to 413,300 shares at the end of August, resulting in a short-interest ratio of 3.2 days.
• Analysts have given REX a consensus rating of "Moderate Buy" with a price target of $25.00, while Weiss Ratings maintained a "hold (c+)" rating.
• Institutional investors own 88.12% of REX's shares, with notable increases in holdings from firms like UBS AM and GAMMA Investing LLC in the past quarter.

REX American Resources Corporation (NYSE:REX - Get Free Report) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 703,500 shares, an increase of 70.2% from the August 31st total of 413,300 shares. Based on an average daily volume of 218,800 shares, the short-interest ratio is presently 3.2 days. Based on an average daily volume of 218,800 shares, the short-interest ratio is presently 3.2 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a "hold (c+)" rating on shares of REX American Resources in a research report on Saturday, September 27th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $25.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in REX. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of REX American Resources by 23.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 47,035 shares of the energy company's stock valued at $1,961,000 after purchasing an additional 9,025 shares during the last quarter. GAMMA Investing LLC boosted its position in REX American Resources by 5,304.6% in the first quarter. GAMMA Investing LLC now owns 7,026 shares of the energy company's stock valued at $264,000 after buying an additional 6,896 shares in the last quarter. Wedge Capital Management L L P NC grew its stake in shares of REX American Resources by 12.9% during the first quarter. Wedge Capital Management L L P NC now owns 28,218 shares of the energy company's stock worth $1,060,000 after buying an additional 3,221 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of REX American Resources by 340.4% during the first quarter. SG Americas Securities LLC now owns 25,022 shares of the energy company's stock worth $940,000 after buying an additional 19,340 shares during the last quarter. Finally, SummerHaven Investment Management LLC increased its holdings in shares of REX American Resources by 2.0% during the first quarter. SummerHaven Investment Management LLC now owns 17,792 shares of the energy company's stock worth $668,000 after buying an additional 345 shares in the last quarter. Institutional investors own 88.12% of the company's stock.

REX American Resources Stock Performance

Shares of NYSE REX traded up $0.45 during trading hours on Monday, hitting $32.08. 174,587 shares of the stock were exchanged, compared to its average volume of 233,577. REX American Resources has a 1-year low of $16.73 and a 1-year high of $32.83. The company has a market cap of $1.06 billion, a PE ratio of 21.75 and a beta of 0.68. The company's fifty day simple moving average is $29.42 and its two-hundred day simple moving average is $24.68.

REX American Resources (NYSE:REX - Get Free Report) last issued its earnings results on Wednesday, August 27th. The energy company reported $0.22 earnings per share for the quarter, beating analysts' consensus estimates of $0.19 by $0.03. REX American Resources had a return on equity of 8.09% and a net margin of 7.91%.The firm had revenue of $158.56 million for the quarter, compared to the consensus estimate of $165.00 million. As a group, sell-side analysts expect that REX American Resources will post 2.93 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.

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