eXp World Holdings, Inc. (NASDAQ:EXPI) Short Interest Up 6.9% in January

eXp World Holdings, Inc. (NASDAQ:EXPI) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 21,290,000 shares, a growth of 6.9% from the December 31st total of 19,920,000 shares. Based on an average daily trading volume, of 976,400 shares, the days-to-cover ratio is presently 21.8 days. Approximately 25.6% of the shares of the company are short sold.

Insiders Place Their Bets

In other eXp World news, CEO Glenn Darrel Sanford sold 25,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $10.94, for a total value of $273,500.00. Following the transaction, the chief executive officer now directly owns 39,993,400 shares in the company, valued at $437,527,796. The trade was a 0.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Jian Cheng sold 18,750 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $13.81, for a total value of $258,937.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 505,736 shares of company stock valued at $6,513,940. 28.85% of the stock is owned by insiders.

Institutional Investors Weigh In On eXp World

Hedge funds have recently made changes to their positions in the business. Hussman Strategic Advisors Inc. purchased a new stake in shares of eXp World in the fourth quarter worth about $483,000. CIBC Asset Management Inc bought a new position in shares of eXp World during the fourth quarter worth about $122,000. Principal Financial Group Inc. raised its stake in shares of eXp World by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 411,874 shares of the technology company’s stock valued at $4,741,000 after purchasing an additional 11,588 shares in the last quarter. Strategic Financial Concepts LLC acquired a new position in shares of eXp World during the 4th quarter valued at $1,092,000. Finally, Rhumbline Advisers raised its holdings in shares of eXp World by 4.9% in the 4th quarter. Rhumbline Advisers now owns 239,919 shares of the technology company’s stock worth $2,761,000 after purchasing an additional 11,240 shares in the last quarter. Institutional investors and hedge funds own 27.17% of the company’s stock.

eXp World Price Performance

Shares of NASDAQ EXPI traded up $0.04 during trading on Tuesday, hitting $11.00. 107,109 shares of the company were exchanged, compared to its average volume of 916,605. The firm’s fifty day moving average price is $12.13 and its 200 day moving average price is $12.83. eXp World has a 1 year low of $8.91 and a 1 year high of $15.39. The company has a market cap of $1.69 billion, a price-to-earnings ratio of -50.09 and a beta of 2.29.

eXp World Company Profile

eXp World Holdings, Inc, together with its subsidiaries, provides cloud-based real estate brokerage services for residential homeowners and homebuyers. The company operates through North American Realty, International Realty, Virbela, and Other Affiliated Services segments. It provides Virbela, a cloud-based technologies that provides data, lead generation, and marketing tools for real estate agents and employees.