eXp World Holdings Inc (EXPI) Short Interest Update

eXp World Holdings Inc (NASDAQ:EXPI) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 882,636 shares, a growth of 66.3% from the September 28th total of 530,596 shares. Based on an average trading volume of 248,572 shares, the days-to-cover ratio is presently 3.6 days. Approximately 3.7% of the shares of the stock are sold short.

In other news, Director Richard Stanwood Miller sold 5,000 shares of the stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $16.01, for a total transaction of $80,050.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jason Gesing sold 5,601 shares of the stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $15.01, for a total value of $84,071.01. The disclosure for this sale can be found here. Insiders sold a total of 131,201 shares of company stock worth $2,157,354 over the last 90 days. Corporate insiders own 47.20% of the company’s stock.

An institutional investor recently bought a new position in eXp World stock. Northpointe Capital LLC bought a new stake in shares of eXp World Holdings Inc (NASDAQ:EXPI) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 111,742 shares of the technology company’s stock, valued at approximately $2,055,000. Northpointe Capital LLC owned 0.19% of eXp World at the end of the most recent reporting period. Institutional investors and hedge funds own 0.24% of the company’s stock.

Several equities analysts have recently commented on the company. Zacks Investment Research upgraded eXp World from a “sell” rating to a “hold” rating in a research report on Wednesday, July 18th. Stephens assumed coverage on eXp World in a research report on Tuesday, July 31st. They set an “overweight” rating and a $20.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $15.90.

Shares of eXp World stock opened at $10.00 on Tuesday. eXp World has a 12 month low of $5.81 and a 12 month high of $19.72.

eXp World (NASDAQ:EXPI) last announced its quarterly earnings data on Monday, August 13th. The technology company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.03. The firm had revenue of $130.54 million for the quarter, compared to analyst estimates of $111.38 million. eXp World had a negative return on equity of 434.65% and a negative net margin of 11.13%. As a group, equities analysts anticipate that eXp World will post -0.37 earnings per share for the current year.

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.

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