QXO, Inc. (NASDAQ:QXO) Short Interest Update

QXO, Inc. (NASDAQ:QXO) was the target of a large increase in short interest in February. As of February 28th, there was short interest totalling 7,480,000 shares, an increase of 19.7% from the February 13th total of 6,250,000 shares. Approximately 1.9% of the company’s stock are sold short. Based on an average daily trading volume, of 2,040,000 shares, the short-interest ratio is currently 3.7 days.

QXO Trading Up 0.7 %

NASDAQ:QXO traded up $0.10 during midday trading on Wednesday, hitting $13.09. 342,541 shares of the company were exchanged, compared to its average volume of 2,015,904. QXO has a fifty-two week low of $10.61 and a fifty-two week high of $290.00. The company has a market capitalization of $5.36 billion, a PE ratio of -1.44, a price-to-earnings-growth ratio of 4.09 and a beta of 2.35. The company has a fifty day simple moving average of $13.48 and a 200 day simple moving average of $14.81.

Institutional Trading of QXO

A number of large investors have recently made changes to their positions in QXO. Finepoint Capital LP purchased a new stake in QXO in the 3rd quarter valued at approximately $406,090,000. Affinity Partners GP LP acquired a new position in shares of QXO during the 4th quarter worth $260,941,000. T. Rowe Price Investment Management Inc. boosted its position in shares of QXO by 3.0% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 10,886,193 shares of the company’s stock worth $173,091,000 after buying an additional 312,299 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of QXO by 24.6% in the 4th quarter. Vanguard Group Inc. now owns 10,039,864 shares of the company’s stock worth $159,634,000 after buying an additional 1,979,147 shares in the last quarter. Finally, Federated Hermes Inc. acquired a new stake in QXO in the 4th quarter valued at about $50,532,000. 58.68% of the stock is owned by institutional investors and hedge funds.

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.