QXO, Inc. (NASDAQ:QXO - Get Free Report) was the recipient of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 6,250,000 shares, an increase of 21.8% from the January 31st total of 5,130,000 shares. Currently, 1.6% of the shares of the company are sold short. Based on an average daily volume of 2,080,000 shares, the days-to-cover ratio is presently 3.0 days.
QXO Stock Down 0.7 %
QXO stock traded down $0.10 during mid-day trading on Monday, reaching $13.29. The company had a trading volume of 3,951,187 shares, compared to its average volume of 2,010,184. The firm has a market cap of $5.44 billion, a price-to-earnings ratio of -1.46, a PEG ratio of 4.09 and a beta of 2.35. The company has a 50 day moving average of $13.87 and a 200-day moving average of $14.86. QXO has a 52 week low of $10.61 and a 52 week high of $290.00.
Institutional Investors Weigh In On QXO
A number of institutional investors have recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. bought a new stake in shares of QXO in the 3rd quarter worth approximately $41,000. SG Americas Securities LLC boosted its stake in QXO by 45.8% during the fourth quarter. SG Americas Securities LLC now owns 9,544 shares of the company's stock worth $152,000 after buying an additional 3,000 shares in the last quarter. Toronto Dominion Bank bought a new stake in QXO in the 4th quarter valued at $159,000. Invesco Ltd. acquired a new position in shares of QXO in the 4th quarter valued at $164,000. Finally, BNP Paribas Financial Markets bought a new position in shares of QXO during the 3rd quarter worth about $166,000. 58.68% of the stock is owned by institutional investors and hedge funds.
QXO Company Profile
(
Get Free Report)
QXO, Inc operates as a business application, technology, and consulting company in North America. The company provides solutions for accounting and business management, financial reporting, enterprise resource planning, human capital management, warehouse management systems, customer relationship management, and business intelligence.
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