Solaris Oilfield Infrastructure Inc (SOI) Short Interest Down 56.2% in January

Solaris Oilfield Infrastructure Inc (NYSE:SOI) was the recipient of a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 316,571 shares, a drop of 56.2% from the January 12th total of 723,541 shares. Approximately 1.8% of the shares of the stock are sold short. Based on an average trading volume of 510,708 shares, the short-interest ratio is currently 0.6 days.

Shares of Solaris Oilfield Infrastructure (NYSE:SOI) opened at $18.27 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 6.78 and a current ratio of 7.44. Solaris Oilfield Infrastructure has a twelve month low of $9.90 and a twelve month high of $23.98.

Several brokerages have recently issued reports on SOI. Imperial Capital reiterated an “outperform” rating and issued a $26.00 price target on shares of Solaris Oilfield Infrastructure in a research note on Wednesday, January 24th. Piper Jaffray Companies reiterated a “buy” rating and issued a $19.00 price target on shares of Solaris Oilfield Infrastructure in a research note on Sunday, November 5th. Oppenheimer reiterated a “buy” rating and issued a $20.00 price target on shares of Solaris Oilfield Infrastructure in a research note on Monday, November 6th. Zacks Investment Research lowered Solaris Oilfield Infrastructure from a “buy” rating to a “hold” rating in a research note on Thursday, November 16th. Finally, Citigroup lifted their price target on Solaris Oilfield Infrastructure to $26.00 and gave the company an “outperform” rating in a research note on Friday, January 12th. One research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $20.04.

In other news, insider Cynthia M. Durrett sold 21,219 shares of Solaris Oilfield Infrastructure stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $21.65, for a total value of $459,391.35. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Solaris Energy Capital, Llc sold 567,444 shares of Solaris Oilfield Infrastructure stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $21.65, for a total value of $12,285,162.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,059,988 shares of company stock worth $44,598,740.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SOI. TimesSquare Capital Management LLC acquired a new stake in shares of Solaris Oilfield Infrastructure during the 4th quarter valued at $25,053,000. Victory Capital Management Inc. boosted its holdings in shares of Solaris Oilfield Infrastructure by 719.7% during the 4th quarter. Victory Capital Management Inc. now owns 1,092,242 shares of the company’s stock valued at $23,385,000 after acquiring an additional 959,001 shares in the last quarter. Hodges Capital Management Inc. boosted its holdings in shares of Solaris Oilfield Infrastructure by 79.5% during the 4th quarter. Hodges Capital Management Inc. now owns 1,035,330 shares of the company’s stock valued at $22,166,000 after acquiring an additional 458,630 shares in the last quarter. Baird Financial Group Inc. acquired a new stake in shares of Solaris Oilfield Infrastructure during the 4th quarter valued at $7,465,000. Finally, Driehaus Capital Management LLC boosted its holdings in shares of Solaris Oilfield Infrastructure by 102.6% during the 4th quarter. Driehaus Capital Management LLC now owns 649,378 shares of the company’s stock valued at $13,903,000 after acquiring an additional 328,789 shares in the last quarter. 59.00% of the stock is currently owned by institutional investors.

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Solaris Oilfield Infrastructure Company Profile

Solaris Oilfield Infrastructure, Inc manufactures and provides its mobile proppant management systems that unload, store and deliver proppant at oil and natural gas well sites. The Company offers its services to oil and natural gas exploration and production (E&P) companies, as well as oilfield service companies.

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