Cactus Inc Class A (NYSE:WHD)’s Stock Is Buy After Less Market Selling

June 15, 2018 - By Louis Casey

The stock of Cactus Inc Class A (NYSE:WHD) registered a decrease of 63.51% in short interest. WHD’s total short interest was 739,600 shares in June as published by FINRA. Its down 63.51% from 2.03M shares, reported previously. With 266,600 shares average volume, it will take short sellers 3 days to cover their WHD’s short positions.

The stock decreased 1.02% or $0.33 during the last trading session, reaching $32.08. About 226,326 shares traded. Cactus, Inc. (NYSE:WHD) has 0.00% since June 15, 2017 and is . It has underperformed by 12.57% the S&P500.

Cactus, Inc. designs, manufactures, sells, and rents a range of wellheads and pressure control equipment. The company has market cap of $2.40 billion. The company's principal products include Cactus SafeDrill wellhead systems, frac stacks, zipper manifolds, and production trees. It has a 0.03 P/E ratio. It also provides field services, such as 24-hour service crews to assist with the installation, maintenance, and safe handling of the wellhead and pressure control equipment, as well as repair services for equipment that it sells or rents.

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