eXp World Holdings Inc (EXPI) Short Interest Up 92.3% in October

eXp World Holdings Inc (NASDAQ:EXPI) was the recipient of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 1,697,679 shares, an increase of 92.3% from the October 15th total of 882,636 shares. Based on an average trading volume of 254,268 shares, the days-to-cover ratio is currently 6.7 days. Currently, 7.1% of the shares of the company are short sold.

In other eXp World news, VP Jason Gesing sold 5,600 shares of the business’s stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $16.71, for a total value of $93,576.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Richard Stanwood Miller sold 10,000 shares of the business’s stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of $19.13, for a total transaction of $191,300.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 130,600 shares of company stock worth $2,116,533. Corporate insiders own 47.20% of the company’s stock.

Several hedge funds have recently made changes to their positions in the stock. Emerald Mutual Fund Advisers Trust purchased a new stake in shares of eXp World during the 3rd quarter valued at approximately $6,403,000. BlackRock Inc. purchased a new stake in shares of eXp World during the 3rd quarter valued at approximately $4,154,000. Northpointe Capital LLC purchased a new stake in shares of eXp World during the 3rd quarter valued at approximately $2,055,000. Valeo Financial Advisors LLC purchased a new stake in shares of eXp World during the 3rd quarter valued at approximately $915,000. Finally, Russell Investments Group Ltd. purchased a new stake in shares of eXp World during the 3rd quarter valued at approximately $663,000. Institutional investors own 0.49% of the company’s stock.

Shares of EXPI stock opened at $11.75 on Friday. eXp World has a 12 month low of $5.95 and a 12 month high of $19.72.

eXp World (NASDAQ:EXPI) last announced its quarterly earnings results on Monday, August 13th. The technology company reported ($0.03) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.03. The company had revenue of $130.54 million for the quarter, compared to analysts’ expectations of $111.38 million. eXp World had a negative net margin of 11.13% and a negative return on equity of 434.65%. On average, sell-side analysts forecast that eXp World will post -0.37 earnings per share for the current year.

A number of research analysts have weighed in on the stock. Stephens assumed coverage on shares of eXp World in a research note on Tuesday, July 31st. They issued an “overweight” rating and a $20.00 target price on the stock. Zacks Investment Research upgraded shares of eXp World from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research note on Wednesday, July 25th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $15.90.

TRADEMARK VIOLATION NOTICE: This piece of content was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another domain, it was illegally stolen and reposted in violation of United States and international copyright & trademark laws. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2018/11/10/exp-world-holdings-inc-expi-short-interest-up-92-3-in-october.html.

eXp World Company Profile

eXp World Holdings, Inc provides cloud-based real estate brokerage services for residential real estate market in the United states and Canada. The company facilitates buyers to search real-time property listings and sellers to list their properties through its Website; and provides buyers and sellers access to a network of professional, consumer-centric agents, and brokers.

Featured Article: Should You Consider an Index Fund?

Receive News & Ratings for eXp World Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eXp World and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply