Will FENIX PARTS INC (OTCMKTS:FENX) Run Out of Steam Soon? Short Interest is Up

April 6, 2018 - By Maria Brooks

The stock of FENIX PARTS INC (OTCMKTS:FENX) registered an increase of 6.43% in short interest. FENX’s total short interest was 365,900 shares in April as published by FINRA. Its up 6.43% from 343,800 shares, reported previously. With 157,500 shares average volume, it will take short sellers 2 days to cover their FENX’s short positions. The short interest to FENIX PARTS INC’s float is 2.16%.

The stock 0.13% or $0 during the last trading session, reaching $0.384. It is down 78.96% since April 6, 2017 and is downtrending. It has underperformed by 90.51% the S&P500.

Fenix Parts, Inc. engages in the auto recycling business in the United States and Canada. The company has market cap of $7.86 million. It is involved in the recovery and resale of original equipment maker parts, components, and systems, such as engines, transmissions, radiators, trunks, lamps, seats, and collision repair parts used to repair vehicles involved in a collision comprising door assemblies, trunk lids, lights, fenders, and other products. It currently has negative earnings. The firm serves collision repair shops, mechanical repair shops, auto dealerships, and individual retail customers.

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