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

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

eXp World Stock Performance

Shares of EXPI opened at $11.23 on Tuesday. The firm has a market cap of $1.72 billion, a PE ratio of -51.05 and a beta of 2.30. eXp World has a twelve month low of $8.91 and a twelve month high of $15.39. The firm’s 50 day moving average price is $12.50 and its 200 day moving average price is $12.89.

eXp World Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 18th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend was Monday, November 18th. eXp World’s payout ratio is presently -90.91%.

Insiders Place Their Bets

In related news, CEO Glenn Darrel Sanford sold 25,000 shares of the stock in a transaction on Monday, January 13th. The stock was sold at an average price of $10.74, for a total transaction of $268,500.00. Following the completion of the sale, the chief executive officer now directly owns 40,122,450 shares in the company, valued at approximately $430,915,113. This trade represents a 0.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Jian Cheng sold 18,750 shares of eXp World 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. Insiders sold a total of 520,736 shares of company stock worth $6,885,390 in the last quarter. 28.85% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On eXp World

A number of large investors have recently bought and sold shares of EXPI. Millennium Management LLC boosted its stake in shares of eXp World by 91.7% during the 2nd quarter. Millennium Management LLC now owns 1,377,365 shares of the technology company’s stock worth $15,544,000 after acquiring an additional 659,012 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in eXp World by 16.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,288,349 shares of the technology company’s stock worth $18,153,000 after purchasing an additional 183,823 shares during the last quarter. Algert Global LLC boosted its position in eXp World by 147.6% during the third quarter. Algert Global LLC now owns 296,085 shares of the technology company’s stock worth $4,172,000 after purchasing an additional 176,509 shares during the period. FMR LLC grew its holdings in eXp World by 4,338.7% during the third quarter. FMR LLC now owns 123,885 shares of the technology company’s stock valued at $1,746,000 after purchasing an additional 121,094 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of eXp World by 5.6% in the third quarter. Geode Capital Management LLC now owns 2,211,172 shares of the technology company’s stock valued at $31,161,000 after purchasing an additional 118,210 shares during the period. 27.17% of the stock is currently owned by institutional investors.

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.