Pyxus International Inc (NYSE:PYX) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totalling 2,319,600 shares, a growth of 15.8% from the May 30th total of 2,003,500 shares. Approximately 29.4% of the company’s shares are short sold. Based on an average daily volume of 636,400 shares, the short-interest ratio is presently 3.6 days.
A number of equities research analysts have recently weighed in on PYX shares. TheStreet lowered shares of Trade Desk from a “b-” rating to a “c-” rating in a research note on Thursday, May 9th. Imperial Capital started coverage on shares of Pyxus International in a research note on Tuesday, June 25th. They set an “outperform” rating and a $71.00 target price on the stock.
Shares of PYX traded down $0.22 during trading hours on Friday, reaching $15.45. 239,478 shares of the company traded hands, compared to its average volume of 644,815. The firm has a fifty day moving average price of $16.60. The company has a current ratio of 1.91, a quick ratio of 0.88 and a debt-to-equity ratio of 4.68. Pyxus International has a 12 month low of $11.30 and a 12 month high of $52.43.
Several institutional investors and hedge funds have recently made changes to their positions in the company. BNP Paribas Arbitrage SA boosted its stake in shares of Pyxus International by 46.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,277 shares of the company’s stock valued at $54,000 after purchasing an additional 719 shares in the last quarter. Live Your Vision LLC bought a new stake in shares of Pyxus International during the 1st quarter valued at about $37,000. Metropolitan Life Insurance Co NY bought a new stake in shares of Pyxus International during the 1st quarter valued at about $71,000. Bank of New York Mellon Corp boosted its stake in Pyxus International by 11.3% during the fourth quarter. Bank of New York Mellon Corp now owns 36,689 shares of the company’s stock worth $435,000 after acquiring an additional 3,720 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Pyxus International by 4.8% during the fourth quarter. Geode Capital Management LLC now owns 86,152 shares of the company’s stock worth $1,021,000 after acquiring an additional 3,921 shares in the last quarter. 57.28% of the stock is currently owned by hedge funds and other institutional investors.
Pyxus International Company Profile
Pyxus International, Inc, an agricultural company, engages in the provision of various agricultural products, ingredients, and services to businesses and customers. It offers products in the leaf tobacco, e-liquids, industrial hemp, and cannabis industries. The company was formerly known as Alliance One International, Inc and changed its name to Pyxus International, Inc in September 2018.
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