QXO, Inc. (NASDAQ:QXO) Short Interest Update

QXO, Inc. (NASDAQ:QXO) was the target of a large growth in short interest in July. As of July 31st, there was short interest totalling 2,740,000 shares, a growth of 2,681.7% from the July 15th total of 98,500 shares. Approximately 0.7% of the company’s stock are short sold. Based on an average daily volume of 808,300 shares, the days-to-cover ratio is currently 3.4 days.

Institutional Investors Weigh In On QXO

An institutional investor recently bought a new position in QXO stock. Renaissance Technologies LLC purchased a new position in QXO, Inc. (NASDAQ:QXO) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 6,020 shares of the company’s stock, valued at approximately $432,000. Renaissance Technologies LLC owned about 0.91% of QXO as of its most recent filing with the Securities and Exchange Commission. 58.68% of the stock is owned by hedge funds and other institutional investors.

QXO Stock Up 1.9 %

Shares of QXO stock traded up $0.20 on Tuesday, hitting $10.96. The company had a trading volume of 1,153,661 shares, compared to its average volume of 362,746. QXO has a 1 year low of $10.61 and a 1 year high of $290.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.05 and a quick ratio of 1.05.

About QXO

QXO, Inc operates as a business application, technology, and consulting company in North America. The company provides solutions for accounting and business management, financial reporting, enterprise resource planning, human capital management, warehouse management systems, customer relationship management, and business intelligence.