REX American Resources Co. (NYSE:REX) Short Interest Down 37.6% in January

REX American Resources Co. (NYSE:REX) saw a significant decrease in short interest during the month of January. As of January 15th, there was short interest totalling 368,600 shares, a decrease of 37.6% from the December 31st total of 591,100 shares. Based on an average daily volume of 144,500 shares, the short-interest ratio is currently 2.6 days.

REX American Resources Price Performance

Shares of REX stock traded up $0.43 on Wednesday, reaching $41.88. 12,096 shares of the company were exchanged, compared to its average volume of 123,201. REX American Resources has a one year low of $39.02 and a one year high of $60.78. The company has a 50-day moving average of $42.13 and a 200-day moving average of $44.50. The company has a market cap of $735.83 million, a price-to-earnings ratio of 10.97 and a beta of 0.92.

REX American Resources (NYSE:REX) last issued its earnings results on Tuesday, December 3rd. The energy company reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.66. REX American Resources had a return on equity of 11.05% and a net margin of 10.07%. During the same period in the previous year, the company posted $1.49 EPS. As a group, sell-side analysts predict that REX American Resources will post 2.93 EPS for the current year.

Institutional Trading of REX American Resources

A number of large investors have recently bought and sold shares of REX. FMR LLC boosted its position in shares of REX American Resources by 34.8% in the third quarter. FMR LLC now owns 2,345 shares of the energy company’s stock valued at $109,000 after acquiring an additional 605 shares during the period. CWM LLC raised its stake in REX American Resources by 167.2% in the third quarter. CWM LLC now owns 3,222 shares of the energy company’s stock valued at $149,000 after purchasing an additional 2,016 shares in the last quarter. Intech Investment Management LLC bought a new stake in REX American Resources during the third quarter valued at approximately $213,000. Wealth Enhancement Advisory Services LLC purchased a new position in REX American Resources in the third quarter worth $228,000. Finally, HighTower Advisors LLC bought a new stake in REX American Resources during the third quarter worth about $246,000. 88.12% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Truist Financial decreased their price objective on REX American Resources from $60.00 to $55.00 and set a “buy” rating on the stock in a research report on Monday, December 9th.

About REX American Resources

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.