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

eXp World Holdings, Inc. (NASDAQ:EXPI - Get Free Report) saw 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. Currently, 25.6% of the company's shares are sold short. Based on an average daily volume of 976,400 shares, the short-interest ratio is presently 21.8 days.

Insiders Place Their Bets

In other eXp World news, CEO Glenn Darrel Sanford sold 50,000 shares of the firm's stock in a transaction dated Tuesday, November 12th. The stock was 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 of the company's stock, valued at approximately $586,281,878.40. This trade represents a 0.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Jian Cheng sold 18,750 shares of the company's stock in a transaction dated 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 have sold 505,261 shares of company stock valued at $6,506,748 in the last ninety days. Insiders own 28.85% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Financial Advocates Investment Management increased its stake in eXp World by 9.6% during the third quarter. Financial Advocates Investment Management now owns 11,380 shares of the technology company's stock worth $160,000 after acquiring an additional 1,000 shares during the last quarter. Amalgamated Bank raised its holdings in eXp World by 6.1% in the third quarter. Amalgamated Bank now owns 24,396 shares of the technology company's stock valued at $344,000 after buying an additional 1,412 shares during the period. Olympiad Research LP lifted its position in eXp World by 4.7% during the third quarter. Olympiad Research LP now owns 38,846 shares of the technology company's stock valued at $547,000 after buying an additional 1,734 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in eXp World by 4.9% during the third quarter. Louisiana State Employees Retirement System now owns 40,900 shares of the technology company's stock worth $576,000 after buying an additional 1,900 shares during the period. Finally, Thrivent Financial for Lutherans increased its position in shares of eXp World by 3.3% in the third quarter. Thrivent Financial for Lutherans now owns 66,399 shares of the technology company's stock worth $936,000 after acquiring an additional 2,126 shares in the last quarter. 27.17% of the stock is owned by hedge funds and other institutional investors.

eXp World Price Performance

EXPI stock traded down $0.28 on Friday, hitting $10.83. 574,406 shares of the company were exchanged, compared to its average volume of 889,807. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of -49.20 and a beta of 2.29. eXp World has a twelve month low of $8.91 and a twelve month high of $15.39. The business's fifty day moving average is $11.89 and its two-hundred day moving average is $12.76.

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.