Expensify, Inc. (NASDAQ:EXFY) Short Interest Update

Expensify, Inc. (NASDAQ:EXFY - Get Free Report) was the target of a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 504,300 shares, a growth of 10.2% from the November 15th total of 457,700 shares. Based on an average daily volume of 554,000 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.9% of the shares of the stock are sold short.

Insider Buying and Selling at Expensify

In other news, COO Anuradha Muralidharan sold 29,410 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $3.40, for a total value of $99,994.00. Following the sale, the chief operating officer now directly owns 3,941 shares in the company, valued at approximately $13,399.40. This represents a 88.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO David Michael Barrett sold 11,095 shares of Expensify stock in a transaction on Monday, September 16th. The stock was sold at an average price of $2.28, for a total value of $25,296.60. Following the sale, the chief executive officer now owns 173,820 shares of the company's stock, valued at approximately $396,309.60. This trade represents a 6.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 182,517 shares of company stock worth $512,180 over the last 90 days. 17.33% of the stock is owned by insiders.

Institutional Investors Weigh In On Expensify

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Expensify by 16.6% during the 1st quarter. Vanguard Group Inc. now owns 3,346,715 shares of the company's stock worth $6,158,000 after buying an additional 476,687 shares during the last quarter. Wealthspire Advisors LLC boosted its holdings in Expensify by 40.7% in the second quarter. Wealthspire Advisors LLC now owns 66,212 shares of the company's stock worth $99,000 after acquiring an additional 19,157 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of Expensify during the second quarter worth about $53,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Expensify during the second quarter valued at about $86,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Expensify during the third quarter valued at about $183,000. Hedge funds and other institutional investors own 68.42% of the company's stock.

Expensify Stock Down 3.7 %

Shares of NASDAQ EXFY traded down $0.15 during mid-day trading on Friday, reaching $3.87. 882,814 shares of the company were exchanged, compared to its average volume of 730,507. Expensify has a 1 year low of $1.24 and a 1 year high of $4.13. The firm has a 50-day moving average of $2.57 and a 200 day moving average of $2.14. The stock has a market cap of $298.59 million, a price-to-earnings ratio of -21.50 and a beta of 1.90.

Analyst Ratings Changes

Separately, JMP Securities lowered Expensify from an "outperform" rating to a "market perform" rating in a research note on Monday, November 25th.

About Expensify

Expensify, Inc provides a cloud-based expense management software platform to individuals and corporations, small and midsized businesses, and enterprises in the United States and internationally. The company's platform enables users to manage corporate cards, pay bills, generate invoices, collect payments, and book travel.