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Shares of DXP Enterprises (NASDAQ:DXPE) saw a large drop in short interest in the month of August. As of August 15th, there was short interest totalling 339,671 shares, a drop of 32.5% from the July 31st total of 502,872 shares, StockRatingsNetwork reports. Approximately 2.6% of the company’s stock are sold short. Based on an average daily trading volume, of 150,907 shares, the short-interest ratio is presently 2.3 days.

Separately, analysts at Zacks upgraded shares of DXP Enterprises from an “underperform” rating to a “neutral” rating in a research note on Wednesday, July 16th. They now have a $71.60 price target on the stock.

DXP Enterprises (NASDAQ:DXPE) opened at 81.46 on Thursday. DXP Enterprises has a 1-year low of $64.01 and a 1-year high of $116.88. The stock has a 50-day moving average of $75.54 and a 200-day moving average of $85.7. The company has a market cap of $1.177 billion and a price-to-earnings ratio of 20.70.

DXP Enterprises (NASDAQ:DXPE) last issued its quarterly earnings data on Thursday, July 31st. The company reported $1.00 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.90 by $0.10. The company had revenue of $381.60 million for the quarter, compared to the consensus estimate of $370.50 million. During the same quarter last year, the company posted $0.90 earnings per share. DXP Enterprises’s revenue was up 23.9% compared to the same quarter last year. On average, analysts predict that DXP Enterprises will post $3.94 earnings per share for the current fiscal year.

DXP Enterprises, Inc (NASDAQ:DXPE) is engaged in the business of distributing maintenance, repair and operating (MRO) products, equipment and service to industrial customers.

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