eXp World Holdings, Inc. (NASDAQ:EXPI) Short Interest Update

eXp World Holdings, Inc. (NASDAQ:EXPI) saw a significant 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. Currently, 25.6% of the shares of the company are short sold. Based on an average daily volume of 976,400 shares, the days-to-cover ratio is currently 21.8 days.

Insider Buying and Selling

In other news, insider James Bramble sold 25,000 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $14.05, for a total transaction of $351,250.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Glenn Darrel Sanford sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $14.48, for a total value of $724,000.00. Following the sale, the chief executive officer now directly owns 40,489,080 shares in the company, valued at approximately $586,281,878.40. This represents a 0.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 505,736 shares of company stock worth $6,513,940. 28.85% of the stock is owned by insiders.

Institutional Investors Weigh In On eXp World

Hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC bought a new position in eXp World during the third quarter valued at $30,000. Point72 Hong Kong Ltd purchased a new position in shares of eXp World during the 3rd quarter worth about $34,000. IHT Wealth Management LLC bought a new position in eXp World during the 3rd quarter valued at about $145,000. CIBC Asset Management Inc purchased a new stake in eXp World in the 4th quarter worth about $122,000. Finally, Everence Capital Management Inc. bought a new stake in eXp World in the third quarter worth about $153,000. Hedge funds and other institutional investors own 27.17% of the company’s stock.

eXp World Stock Performance

NASDAQ:EXPI traded up $0.06 during trading hours on Tuesday, reaching $11.02. The stock had a trading volume of 154,633 shares, compared to its average volume of 918,861. The stock has a market capitalization of $1.69 billion, a PE ratio of -50.07 and a beta of 2.29. eXp World has a 52 week low of $8.91 and a 52 week high of $15.39. The company has a 50 day moving average price of $12.13 and a two-hundred day moving average price of $12.83.

About eXp World

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.