Short Interest in XPLR Infrastructure, LP (NYSE:XIFR) Rises By 17.2%

Key Points

• Short interest rose 17.2% — short interest in XPLR (NYSE:XIFR) climbed to 4,454,133 shares as of Feb. 27, equal to about 4.8% of shares sold short and a short-interest ratio of 4.0 days based on average daily volume.
• XPLR reported an unexpected EPS beat of $0.30 versus a −$0.57 estimate but saw revenue decline 15.3% year-over-year; analysts are mixed with an average rating of "Reduce" and a consensus target of $12.33.
• Institutional investors own about 66.0% of the stock; the company has a market capitalization near $998M and shares recently traded around $10.62 (1‑year range $7.53–$11.43).

XPLR Infrastructure, LP (NYSE:XIFR - Get Free Report) was the target of a significant growth in short interest in February. As of February 27th, there was short interest totaling 4,454,133 shares, a growth of 17.2% from the February 12th total of 3,800,753 shares. Based on an average daily volume of 1,110,298 shares, the short-interest ratio is currently 4.0 days. Approximately 4.8% of the company's stock are sold short. Approximately 4.8% of the company's stock are sold short. Based on an average daily volume of 1,110,298 shares, the short-interest ratio is currently 4.0 days.

Institutional Trading of XPLR Infrastructure

A number of large investors have recently made changes to their positions in XIFR. Steward Partners Investment Advisory LLC bought a new position in XPLR Infrastructure during the second quarter valued at approximately $25,000. US Bancorp DE purchased a new stake in XPLR Infrastructure in the third quarter worth approximately $28,000. Huntington National Bank grew its position in XPLR Infrastructure by 715.6% in the 4th quarter. Huntington National Bank now owns 3,075 shares of the solar energy provider's stock worth $31,000 after purchasing an additional 2,698 shares during the period. Future Financial Wealth Managment LLC purchased a new stake in XPLR Infrastructure during the 3rd quarter valued at $55,000. Finally, JPMorgan Chase & Co. purchased a new stake in XPLR Infrastructure during the 2nd quarter valued at $55,000. 66.01% of the stock is currently owned by institutional investors.

XPLR Infrastructure Stock Up 2.9%

XIFR stock opened at $10.62 on Tuesday. The stock has a market capitalization of $998.24 million, a P/E ratio of -34.27 and a beta of 1.01. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.91 and a quick ratio of 0.84. XPLR Infrastructure has a 1-year low of $7.53 and a 1-year high of $11.43. The business has a fifty day moving average price of $10.30 and a 200-day moving average price of $9.98.

XPLR Infrastructure (NYSE:XIFR - Get Free Report) last released its quarterly earnings data on Tuesday, February 10th. The solar energy provider reported $0.30 EPS for the quarter, beating the consensus estimate of ($0.57) by $0.87. XPLR Infrastructure had a positive return on equity of 1.54% and a negative net margin of 2.27%.The company's revenue was down 15.3% compared to the same quarter last year. Equities analysts forecast that XPLR Infrastructure will post 2.33 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on XIFR. Royal Bank Of Canada assumed coverage on shares of XPLR Infrastructure in a report on Tuesday, January 6th. They set an "outperform" rating and a $14.00 target price for the company. Wall Street Zen raised XPLR Infrastructure from a "sell" rating to a "hold" rating in a research report on Saturday. Mizuho set a $12.00 price objective on XPLR Infrastructure in a research note on Wednesday, February 11th. Evercore reissued a "hold" rating and issued a $10.80 target price on shares of XPLR Infrastructure in a report on Thursday, March 5th. Finally, Weiss Ratings reissued a "sell (d)" rating on shares of XPLR Infrastructure in a report on Wednesday, January 21st. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, XPLR Infrastructure has an average rating of "Reduce" and a consensus target price of $12.33.

XPLR Infrastructure Company Profile

XPLR Infrastructure LP engages in the acquisition, management, and ownership of contracted clean energy projects with long-term cash flows. It owns interests in wind and solar projects in North America and natural gas infrastructure assets in Texas. The company was founded on March 6, 2014 and is headquartered in Juno Beach, FL.

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