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

eXp World Holdings, Inc. (NASDAQ:EXPI) was the recipient of a large increase in short interest during the month of 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. Approximately 25.6% of the shares of the company are sold short. Based on an average trading volume of 976,400 shares, the short-interest ratio is presently 21.8 days.

Insider Buying and Selling at eXp World

In other eXp World news, CEO Glenn Darrel Sanford sold 50,000 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $14.11, for a total value of $705,500.00. Following the transaction, the chief executive officer now directly owns 40,539,780 shares of the company’s stock, valued at approximately $572,016,295.80. The trade was a 0.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Jian Cheng sold 18,750 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was 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 a total of 560,736 shares of company stock valued at $7,398,190 in the last ninety days. Insiders own 28.85% of the company’s stock.

Institutional Investors Weigh In On eXp World

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Commonwealth Equity Services LLC increased its holdings in shares of eXp World by 8.0% in the 2nd quarter. Commonwealth Equity Services LLC now owns 23,896 shares of the technology company’s stock valued at $270,000 after purchasing an additional 1,768 shares in the last quarter. 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. Renaissance Technologies LLC lifted its position in shares of eXp World by 6.0% during the 2nd quarter. Renaissance Technologies LLC now owns 1,803,116 shares of the technology company’s stock valued at $20,348,000 after acquiring an additional 101,600 shares during the period. Sei Investments Co. boosted its stake in shares of eXp World by 6.6% during the 2nd quarter. Sei Investments Co. now owns 105,433 shares of the technology company’s stock worth $1,190,000 after acquiring an additional 6,556 shares in the last quarter. Finally, Public Sector Pension Investment Board grew its holdings in shares of eXp World by 6.8% in the 2nd quarter. Public Sector Pension Investment Board now owns 170,370 shares of the technology company’s stock worth $1,923,000 after acquiring an additional 10,789 shares during the period. Institutional investors and hedge funds own 27.17% of the company’s stock.

eXp World Price Performance

NASDAQ EXPI traded down $0.31 on Monday, hitting $11.23. 1,055,286 shares of the company’s stock were exchanged, compared to its average volume of 1,312,980. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of -51.05 and a beta of 2.30. The firm’s 50-day moving average price is $12.57 and its two-hundred day moving average price is $12.89. eXp World has a fifty-two week low of $8.91 and a fifty-two week high of $15.39.

eXp World Dividend Announcement

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

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.