XPLR Infrastructure, LP (NYSE:XIFR) Short Interest Update

XPLR Infrastructure, LP (NYSE:XIFR) was the recipient 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 trading volume, of 1,110,298 shares, the days-to-cover ratio is presently 4.0 days. Approximately 4.8% of the shares of the stock are sold short. Approximately 4.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,110,298 shares, the days-to-cover ratio is presently 4.0 days.

Institutional Trading of XPLR Infrastructure

Hedge funds have recently made changes to their positions in the business. Ensign Peak Advisors Inc bought a new stake in XPLR Infrastructure during the second quarter worth approximately $256,000. Dynamic Technology Lab Private Ltd purchased a new stake in XPLR Infrastructure during the second quarter valued at approximately $256,000. Swiss National Bank bought a new stake in shares of XPLR Infrastructure in the 2nd quarter valued at approximately $1,465,000. JPMorgan Chase & Co. bought a new stake in shares of XPLR Infrastructure in the 2nd quarter valued at approximately $55,000. Finally, MAI Capital Management purchased a new position in shares of XPLR Infrastructure in the 2nd quarter worth approximately $94,000. 66.01% of the stock is currently owned by hedge funds and other institutional investors.

XPLR Infrastructure Trading Down 2.1%

XIFR stock opened at $10.46 on Thursday. The firm has a fifty day moving average price of $10.29 and a 200 day moving average price of $9.98. XPLR Infrastructure has a fifty-two week low of $7.53 and a fifty-two week high of $11.43. The firm has a market cap of $982.46 million, a PE ratio of -33.73 and a beta of 1.01. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.84 and a current ratio of 0.91.

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

Analyst Ratings Changes

XIFR has been the subject of several research analyst reports. Wall Street Zen raised shares of XPLR Infrastructure from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Barclays boosted their price target on shares of XPLR Infrastructure from $10.00 to $12.00 and gave the stock an “underweight” rating in a research note on Thursday, February 12th. Evercore reissued a “hold” rating and set a $10.80 price objective on shares of XPLR Infrastructure in a report on Thursday, March 5th. Royal Bank Of Canada began coverage on XPLR Infrastructure in a research report on Tuesday, January 6th. They set an “outperform” rating and a $14.00 price objective for the company. Finally, Morgan Stanley reduced their target price on XPLR Infrastructure from $11.00 to $10.00 and set an “underweight” rating on the stock in a report on Tuesday, December 2nd. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus 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.