Short Interest in XPLR Infrastructure, LP (NYSE:XIFR) Drops By 17.7%

XPLR Infrastructure, LP (NYSE:XIFR) saw a large decrease in short interest in April. As of April 15th, there was short interest totaling 3,551,635 shares, a decrease of 17.7% from the March 31st total of 4,313,524 shares. Approximately 3.8% of the shares of the stock are sold short. Based on an average daily volume of 565,240 shares, the days-to-cover ratio is currently 6.3 days.

XPLR Infrastructure Price Performance

Shares of XIFR stock traded up $0.33 on Friday, hitting $10.68. 1,164,536 shares of the company’s stock were exchanged, compared to its average volume of 696,838. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.91 and a quick ratio of 0.84. XPLR Infrastructure has a 12 month low of $7.99 and a 12 month high of $11.43. The stock has a market cap of $1.01 billion, a P/E ratio of -34.44 and a beta of 0.97. The company has a 50 day moving average of $10.32 and a 200 day moving average of $9.98.

XPLR Infrastructure (NYSE:XIFR) last announced its quarterly earnings data on Tuesday, February 10th. The solar energy provider reported $0.30 earnings per share for the quarter, topping the consensus estimate of ($0.57) by $0.87. XPLR Infrastructure had a positive return on equity of 1.54% and a negative net margin of 2.27%.The business had revenue of $249.00 million during the quarter. The business’s quarterly revenue was down 15.3% on a year-over-year basis. On average, equities research analysts predict that XPLR Infrastructure will post -0.67 EPS for the current year.

Institutional Trading of XPLR Infrastructure

Several institutional investors and hedge funds have recently modified their holdings of XIFR. US Bancorp DE bought a new position in XPLR Infrastructure in the third quarter valued at about $28,000. Huntington National Bank raised its position in XPLR Infrastructure by 715.6% in the fourth quarter. Huntington National Bank now owns 3,075 shares of the solar energy provider’s stock valued at $31,000 after purchasing an additional 2,698 shares during the last quarter. JPMorgan Chase & Co. bought a new position in XPLR Infrastructure in the second quarter valued at about $55,000. CANADA LIFE ASSURANCE Co bought a new position in XPLR Infrastructure in the second quarter valued at about $77,000. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new position in XPLR Infrastructure in the third quarter valued at about $80,000. 66.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on XIFR. Wall Street Zen lowered XPLR Infrastructure from a “hold” rating to a “sell” rating in a report on Saturday, April 18th. Canadian Imperial Bank of Commerce reduced their target price on XPLR Infrastructure from $11.50 to $11.00 and set a “neutral” rating on the stock in a report on Monday, April 20th. Mizuho set a $12.00 target price on XPLR Infrastructure in a report on Wednesday, February 11th. Evercore reissued a “hold” rating and set a $10.80 target price on shares of XPLR Infrastructure in a report on Thursday, March 5th. Finally, Morgan Stanley increased their target price on XPLR Infrastructure from $10.00 to $11.00 and gave the stock an “underweight” rating in a report on Tuesday, April 7th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $12.40.

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.