Crexendo, Inc. (NASDAQ:CXDO) Short Interest Update

Crexendo, Inc. (NASDAQ:CXDO) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 245,900 shares, a growth of 42.8% from the November 30th total of 172,200 shares. Currently, 2.0% of the shares of the stock are short sold. Based on an average trading volume of 155,600 shares, the short-interest ratio is presently 1.6 days.

Crexendo Stock Down 1.9 %

CXDO traded down $0.10 during trading on Monday, reaching $5.24. 140,773 shares of the stock traded hands, compared to its average volume of 171,921. The stock’s 50-day moving average is $5.35 and its 200 day moving average is $4.66. Crexendo has a 12 month low of $2.92 and a 12 month high of $7.59. The stock has a market capitalization of $139.99 million, a PE ratio of 174.72 and a beta of 1.10.

Insider Activity

In other news, COO Douglas Walter Gaylor sold 30,000 shares of the firm’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $6.00, for a total transaction of $180,000.00. Following the completion of the transaction, the chief operating officer now owns 219,083 shares of the company’s stock, valued at approximately $1,314,498. This trade represents a 12.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO David Tzat-Kin Wang sold 12,293 shares of the business’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $5.15, for a total transaction of $63,308.95. Following the completion of the sale, the chief technology officer now directly owns 443,079 shares in the company, valued at approximately $2,281,856.85. This represents a 2.70 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 161,960 shares of company stock worth $833,627. Insiders own 56.20% of the company’s stock.

Hedge Funds Weigh In On Crexendo

A number of institutional investors and hedge funds have recently modified their holdings of the business. GSA Capital Partners LLP boosted its position in shares of Crexendo by 41.2% during the 3rd quarter. GSA Capital Partners LLP now owns 17,598 shares of the company’s stock worth $82,000 after purchasing an additional 5,139 shares in the last quarter. Advisor Resource Council bought a new position in Crexendo in the third quarter worth approximately $93,000. Barclays PLC acquired a new stake in Crexendo in the third quarter valued at approximately $109,000. Dimensional Fund Advisors LP increased its holdings in shares of Crexendo by 476.4% during the second quarter. Dimensional Fund Advisors LP now owns 101,273 shares of the company’s stock valued at $319,000 after acquiring an additional 83,702 shares in the last quarter. Finally, Marshall Wace LLP raised its position in shares of Crexendo by 49.9% during the second quarter. Marshall Wace LLP now owns 150,723 shares of the company’s stock worth $475,000 after purchasing an additional 50,148 shares during the period. 9.53% of the stock is currently owned by institutional investors.

Crexendo Company Profile

Crexendo, Inc provides cloud communication platform and services, video collaboration, and managed IT services for businesses in the United States and internationally. It operates through two segments, Cloud Telecommunications Services and Software Solutions. The Cloud Telecommunications segment provides telecommunications services that transmit calls using Internet protocol (IP) or cloud technology, which converts voice signals into digital data packets for transmission over the Internet or cloud; and broadband Internet services, as well as develops end user portals for account and license management, and billing and customer support.