Time to Reconsider Nexeo Solutions Inc (NASDAQ:NXEO) After Less Short Sellers?

April 12, 2018 - By Larry Anderson

The stock of Nexeo Solutions Inc (NASDAQ:NXEO) registered a decrease of 1.26% in short interest. NXEO’s total short interest was 1.04 million shares in April as published by FINRA. Its down 1.26% from 1.05 million shares, reported previously. With 147,800 shares average volume, it will take short sellers 7 days to cover their NXEO’s short positions. The short interest to Nexeo Solutions Inc’s float is 2.08%.

The stock decreased 1.29% or $0.14 during the last trading session, reaching $10.73. About 725,122 shares traded or 170.99% up from the average. Nexeo Solutions, Inc. (NASDAQ:NXEO) has risen 20.05% since April 12, 2017 and is uptrending. It has outperformed by 8.50% the S&P500.

Nexeo Solutions, Inc. operates as a chemical and plastic products distributor in North America, Europe, the Middle East, Africa, and Asia. The company has market cap of $962.92 million. The firm operates through Chemicals, Plastics, and Environmental Services divisions. It has a 16.77 P/E ratio. It provides approximately 22,000 products used in various industries, including household, industrial and institutional, lubricants, architectural coatings, adhesives, sealants, elastomers, automotive, healthcare, personal care, gas and oil, and construction.

Nexeo Solutions, Inc. (NASDAQ:NXEO) Ratings Coverage

Among 2 analysts covering Nexeo Solutions Inc (NASDAQ:NXEO), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Nexeo Solutions Inc has $11.0 highest and $8.5 lowest target. $9.75’s average target is -9.13% below currents $10.73 stock price. Nexeo Solutions Inc had 2 analyst reports since October 17, 2017 according to SRatingsIntel. Jefferies maintained the stock with “Hold” rating in Tuesday, October 17 report. SunTrust maintained the shares of NXEO in report on Thursday, November 9 with “Buy” rating.

Nexeo Solutions, Inc. (NASDAQ:NXEO) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.