QXO, Inc. (NASDAQ:QXO) Sees Large Increase in Short Interest

QXO, Inc. (NASDAQ:QXO) saw a significant increase in short interest in 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. Based on an average trading volume of 2,080,000 shares, the short-interest ratio is currently 3.0 days. Currently, 1.6% of the shares of the company are short sold.

Institutional Investors Weigh In On QXO

A number of institutional investors have recently modified their holdings of the business. Brown Brothers Harriman & Co. acquired a new stake in QXO in the 3rd quarter worth about $41,000. SG Americas Securities LLC raised its position in shares of QXO by 45.8% in the fourth quarter. SG Americas Securities LLC now owns 9,544 shares of the company’s stock valued at $152,000 after buying an additional 3,000 shares in the last quarter. Toronto Dominion Bank bought a new stake in shares of QXO in the fourth quarter valued at approximately $159,000. Invesco Ltd. acquired a new stake in QXO during the fourth quarter worth approximately $164,000. Finally, BNP Paribas Financial Markets bought a new position in QXO during the 3rd quarter worth $166,000. Institutional investors own 58.68% of the company’s stock.

QXO Trading Up 1.7 %

NASDAQ:QXO opened at $13.34 on Friday. The stock has a 50 day simple moving average of $13.87 and a 200 day simple moving average of $14.84. QXO has a 1-year low of $10.61 and a 1-year high of $290.00. The stock has a market cap of $5.46 billion, a P/E ratio of -1.46, a PEG ratio of 4.09 and a beta of 2.35.

QXO Company Profile

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.