Short Interest in Expro Group Holdings (NYSE:XPRO) Declines By 19.3%

Expro Group Holdings (NYSE:XPRO) was the target of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 4,400,000 shares, a drop of 19.3% from the February 28th total of 5,450,000 shares. Based on an average daily trading volume, of 1,210,000 shares, the days-to-cover ratio is currently 3.6 days. Currently, 3.9% of the shares of the company are sold short.

Expro Group Price Performance

XPRO traded down $0.26 on Wednesday, reaching $9.68. The company had a trading volume of 25,071 shares, compared to its average volume of 1,144,862. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 1.98. Expro Group has a 52-week low of $9.66 and a 52-week high of $24.50. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 69.09, a P/E/G ratio of 1.28 and a beta of 1.12. The business has a 50 day simple moving average of $11.95 and a 200 day simple moving average of $13.48.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. The Goldman Sachs Group started coverage on shares of Expro Group in a research report on Friday, December 13th. They issued a “neutral” rating and a $18.00 price objective for the company. Barclays cut their price target on shares of Expro Group from $17.00 to $14.00 and set an “overweight” rating for the company in a report on Wednesday, March 5th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. R Squared Ltd bought a new position in Expro Group during the 4th quarter worth approximately $27,000. Sterling Capital Management LLC grew its holdings in shares of Expro Group by 824.7% in the fourth quarter. Sterling Capital Management LLC now owns 3,033 shares of the company’s stock worth $38,000 after purchasing an additional 2,705 shares during the last quarter. US Bancorp DE increased its stake in shares of Expro Group by 56.0% in the fourth quarter. US Bancorp DE now owns 4,171 shares of the company’s stock worth $52,000 after buying an additional 1,497 shares during the period. KBC Group NV raised its holdings in Expro Group by 75.3% during the 4th quarter. KBC Group NV now owns 5,968 shares of the company’s stock valued at $74,000 after buying an additional 2,563 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in Expro Group by 1,413.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 11,126 shares of the company’s stock worth $139,000 after buying an additional 10,391 shares in the last quarter. Hedge funds and other institutional investors own 92.07% of the company’s stock.

Expro Group Company Profile

Expro Group Holdings N.V. engages in the provision of energy services in North and Latin America, Europe and Sub-Saharan Africa, the Middle East and North Africa, and the Asia-Pacific. The company provides well construction services, such as technology solutions in drilling, tubular running services, and cementing and tubulars; and well management services, including well flow management, subsea well access, and well intervention and integrity solutions.