Short Interest Reporting: What Will Happen to Dxp Enterprises Incorporated (NASDAQ:DXPE) Next? The Stock Has Decline in Shorts

December 1, 2016 - By Pete Kolinski   ·   0 Comments

Short Interest Reporting: What Will Happen to Dxp Enterprises Incorporated (NASDAQ:DXPE) Next? The Stock Has Decline in Shorts

The stock of Dxp Enterprises Incorporated (NASDAQ:DXPE) registered a decrease of 30.42% in short interest. DXPE’s total short interest was 1.11M shares in December as published by FINRA. Its down 30.42% from 1.60 million shares, reported previously. With 486,700 shares average volume, it will take short sellers 2 days to cover their DXPE’s short positions. The short interest to Dxp Enterprises Incorporated’s float is 9.82%. About 330,589 shares traded hands. DXP Enterprises Inc (NASDAQ:DXPE) has risen 52.65% since April 28, 2016 and is uptrending. It has outperformed by 46.73% the S&P500.

DXP Enterprises, Inc. is engaged in the business of distributing maintenance, repair and operating (MRO) products, equipment and service to industrial customers. The company has a market cap of $681.57 million. The Firm operates through three divisions: Service Centers, Supply Chain Services and Innovative Pumping Solutions. It currently has negative earnings. The Service Centers segment provides MRO products, equipment and services, including technical expertise and logistics capabilities to industrial customers.

Insitutional Activity: The institutional sentiment decreased to 1.17 in Q2 2016. Its down 0.02, from 1.19 in 2016Q1. The ratio dropped, as 16 funds sold all DXP Enterprises Inc shares owned while 26 reduced positions. 13 funds bought stakes while 37 increased positions. They now own 11.67 million shares or 15.44% more from 10.11 million shares in 2016Q1.
Natl Bank Of Mellon accumulated 138,372 shares or 0% of the stock. Sei Invs Commerce last reported 3,745 shares in the company. Nationwide Fund Advsr last reported 0% of its portfolio in the stock. American Grp Incorporated Incorporated reported 9,595 shares or 0% of all its holdings. King Luther Capital Mngmt accumulated 435,375 shares or 0.06% of the stock. Swiss National Bank & Trust last reported 20,400 shares in the company. Century holds 557,180 shares or 0.01% of its portfolio. Legal General Group Public Limited last reported 1,908 shares in the company. Pacific Ridge Ltd Liability Corporation holds 0.11% of its portfolio in DXP Enterprises Inc (NASDAQ:DXPE) for 16,880 shares. Teachers Advsrs Incorporated last reported 20,565 shares in the company. Commonwealth Equity Serv has 0.01% invested in the company for 47,118 shares. Comerica Bancorporation accumulated 0% or 12,658 shares. Great West Life Assurance Can has 674 shares for 0% of their US portfolio. State Bank Of America Corp De holds 0% or 17,873 shares in its portfolio. Blackrock, a New York-based fund reported 20,891 shares.

Insider Transactions: Since August 3, 2016, the stock had 1 buying transaction, and 5 selling transactions for $2.23 million net activity. On Monday, September 12 the insider MESSERSMITH GARY A sold $389,385. $29,800 worth of DXP Enterprises Inc (NASDAQ:DXPE) was sold by Jeffery John Jay on Tuesday, August 16. HAMLIN TODD had sold 1,000 shares worth $29,790. GMT CAPITAL CORP also bought $2.76M worth of DXP Enterprises Inc (NASDAQ:DXPE) shares.

DXPE Company Profile

DXP Enterprises, Inc. (DXP), incorporated on July 26, 1996, is engaged in the business of distributing maintenance, repair and operating (MRO) products, equipment and service to industrial customers. The Firm operates through three divisions: Service Centers, Supply Chain Services and Innovative Pumping Solutions. The Service Centers segment provides MRO products, equipment and services, including technical expertise and logistics capabilities to industrial customers. The Supply Chain Services segment manages all or part of a customer’s supply chain, including procurement and inventory management. The Innovative Pumping Solutions segment provides source for engineering, systems design and fabrication. The Firm operates from approximately 190 locations in over 40 states in the United States, approximately 10 provinces in Canada, Dubai and over one state in Mexico.

More notable recent DXP Enterprises Inc (NASDAQ:DXPE) news were published by: Marketwatch.com which released: “Plus the latest data from Realtor.com on 21 home markets across the US” on June 26, 2009, also Fool.com with their article: “Why DXP Enterprises, Inc.’s Shares Popped 51% Today” published on August 10, 2016, Businesswire.com published: “DXP Enterprises Announces Public Offering of Common Stock” on October 20, 2016. More interesting news about DXP Enterprises Inc (NASDAQ:DXPE) were released by: Businesswire.com and their article: “DXP Enterprises, Inc. Announces Definitive Agreement to Purchase B27, LLC” published on December 09, 2013 as well as Businesswire.com‘s news article titled: “DXP Enterprises, Inc. Announces Results of Arbitration With ITT Goulds Pump” with publication date: September 24, 2015.

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By Pete Kolinski


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