Short Interest in KLX Energy Services Holdings Inc (KLXE) Drops By 27.6%

KLX Energy Services Holdings Inc (NASDAQ:KLXE) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totalling 782,837 shares, a drop of 27.6% from the September 28th total of 1,080,831 shares. Currently, 3.9% of the shares of the stock are sold short. Based on an average daily volume of 309,012 shares, the short-interest ratio is presently 2.5 days.

In other KLX Energy Services news, VP Gary J. Roberts acquired 83,375 shares of the company’s stock in a transaction on Thursday, October 25th. The shares were bought at an average cost of $31.26 per share, with a total value of $2,606,302.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Shares of NASDAQ:KLXE opened at $28.54 on Wednesday. KLX Energy Services has a 1 year low of $28.11 and a 1 year high of $36.13.

Separately, Gabelli initiated coverage on KLX Energy Services in a research note on Thursday, October 11th. They issued a “buy” rating on the stock.

About KLX Energy Services

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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