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

eXp World Holdings, Inc. (NASDAQ:EXPI) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totalling 21,290,000 shares, a growth of 6.9% from the December 15th total of 19,920,000 shares. Based on an average daily trading volume, of 976,400 shares, the days-to-cover ratio is currently 21.8 days. Currently, 25.6% of the company’s shares are sold short.

Insider Activity

In other news, CAO Jian Cheng sold 18,750 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $13.81, for a total value of $258,937.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Glenn Darrel Sanford sold 50,000 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was 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. This represents a 0.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 560,736 shares of company stock valued at $7,398,190. 28.85% of the stock is currently owned by corporate insiders.

Institutional Trading of eXp World

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC acquired a new position in shares of eXp World in the 3rd quarter valued at $30,000. Point72 DIFC Ltd acquired a new position in eXp World in the second quarter valued at $26,000. Point72 Hong Kong Ltd purchased a new position in shares of eXp World during the third quarter worth about $34,000. IHT Wealth Management LLC acquired a new stake in shares of eXp World during the third quarter worth about $145,000. Finally, Everence Capital Management Inc. purchased a new stake in shares of eXp World in the 3rd quarter valued at about $153,000. Institutional investors and hedge funds own 27.17% of the company’s stock.

eXp World Stock Down 2.7 %

eXp World stock traded down $0.31 during midday trading on Friday, reaching $11.23. The company’s stock had a trading volume of 1,055,286 shares, compared to its average volume of 1,312,980. The company has a market cap of $1.72 billion, a P/E ratio of -51.05 and a beta of 2.30. The business has a 50-day simple moving average of $12.57 and a 200-day simple moving average of $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 declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 18th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date was Monday, November 18th. eXp World’s dividend payout ratio (DPR) is -90.91%.

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.