Short Interest in Expro Group Holdings (NYSE:XPRO) Declines By 19.3%

Expro Group Holdings (NYSE:XPRO - Get Free Report) saw a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 4,400,000 shares, a decline of 19.3% from the February 28th total of 5,450,000 shares. Based on an average daily trading volume, of 1,210,000 shares, the days-to-cover ratio is currently 3.6 days. Currently, 3.9% of the company's shares are short sold.

Expro Group Trading Down 11.7 %

Expro Group stock traded down $1.17 during midday trading on Thursday, hitting $8.84. 795,497 shares of the stock were exchanged, compared to its average volume of 1,161,865. Expro Group has a 52 week low of $8.69 and a 52 week high of $24.50. The company has a quick ratio of 1.62, a current ratio of 1.98 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $1.03 billion, a PE ratio of 63.15, a P/E/G ratio of 1.28 and a beta of 1.12. The company has a fifty day simple moving average of $11.87 and a two-hundred day simple moving average of $13.46.

Analyst Ratings Changes

XPRO has been the topic of several analyst reports. Barclays cut their price objective on shares of Expro Group from $17.00 to $14.00 and set an "overweight" rating on the stock in a report on Wednesday, March 5th. The Goldman Sachs Group started coverage on Expro Group in a research note on Friday, December 13th. They issued a "neutral" rating and a $18.00 price target on the stock.

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Institutional Trading of Expro Group

Hedge funds have recently added to or reduced their stakes in the business. T. Rowe Price Investment Management Inc. increased its holdings in shares of Expro Group by 27.9% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 11,125,506 shares of the company's stock worth $138,736,000 after acquiring an additional 2,426,258 shares in the last quarter. Millennium Management LLC acquired a new position in shares of Expro Group in the 4th quarter valued at approximately $21,711,000. American Century Companies Inc. grew its position in shares of Expro Group by 32.3% in the 4th quarter. American Century Companies Inc. now owns 4,206,985 shares of the company's stock valued at $52,461,000 after purchasing an additional 1,027,825 shares during the period. Brown Advisory Inc. increased its stake in Expro Group by 108.3% during the 4th quarter. Brown Advisory Inc. now owns 1,686,177 shares of the company's stock worth $21,027,000 after purchasing an additional 876,619 shares in the last quarter. Finally, William Blair Investment Management LLC raised its holdings in Expro Group by 37.0% during the 4th quarter. William Blair Investment Management LLC now owns 2,809,682 shares of the company's stock worth $35,037,000 after buying an additional 758,449 shares during the period. Institutional investors and hedge funds own 92.07% of the company's stock.

Expro Group Company Profile

Expro Group Holdings N.V. engages in the provision of energy services in North and Latin America, Europe and Sub-Saharan Africa, the Middle East and North Africa, and the Asia-Pacific. The company provides well construction services, such as technology solutions in drilling, tubular running services, and cementing and tubulars; and well management services, including well flow management, subsea well access, and well intervention and integrity solutions.