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

eXp World Holdings, Inc. (NASDAQ:EXPI) was the recipient of 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. Approximately 25.6% of the company’s stock 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 related news, CEO Glenn Darrel Sanford sold 50,000 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $14.48, for a total transaction of $724,000.00. Following the transaction, the chief executive officer now directly owns 40,489,080 shares in the company, valued at $586,281,878.40. The trade was a 0.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Jian Cheng sold 18,750 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $13.81, for a total transaction of $258,937.50. The disclosure for this sale can be found here. Insiders sold 505,736 shares of company stock worth $6,513,940 in the last three months. 28.85% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its holdings in eXp World by 29.7% in the second quarter. Dimensional Fund Advisors LP now owns 240,099 shares of the technology company’s stock valued at $2,709,000 after buying an additional 55,031 shares in the last quarter. Sei Investments Co. raised its holdings in eXp World by 6.6% in the 2nd quarter. Sei Investments Co. now owns 105,433 shares of the technology company’s stock worth $1,190,000 after purchasing an additional 6,556 shares during the period. Millennium Management LLC boosted its position in eXp World by 91.7% during the second quarter. Millennium Management LLC now owns 1,377,365 shares of the technology company’s stock worth $15,544,000 after purchasing an additional 659,012 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in eXp World by 14.6% in the second quarter. The Manufacturers Life Insurance Company now owns 43,813 shares of the technology company’s stock valued at $494,000 after purchasing an additional 5,567 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of eXp World by 627.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 18,979 shares of the technology company’s stock valued at $214,000 after buying an additional 16,370 shares in the last quarter. 27.17% of the stock is currently owned by institutional investors and hedge funds.

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. eXp World has a 52-week low of $8.91 and a 52-week high of $15.39. The stock has a fifty day moving average of $12.13 and a 200 day moving average of $12.83. The stock has a market cap of $1.69 billion, a P/E ratio of -50.07 and a beta of 2.29.

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.