eXp World Holdings, Inc. (NASDAQ:EXPI) Short Interest Up 6.9% in December

eXp World Holdings, Inc. (NASDAQ:EXPI) was the target of a large growth in short interest during the month of 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 shares of the stock are short sold.

eXp World Stock Performance

EXPI stock traded down $0.31 during trading on Monday, hitting $11.23. The stock had a trading volume of 1,055,286 shares, compared to its average volume of 1,312,980. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of -51.05 and a beta of 2.30. The company’s 50 day moving average price is $12.57 and its two-hundred day moving average price is $12.89. eXp World has a 1-year low of $8.91 and a 1-year high of $15.39.

eXp World Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date was Monday, November 18th. eXp World’s dividend payout ratio is presently -90.91%.

Insider Transactions at eXp World

In other eXp World 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 transaction of $258,937.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Glenn Darrel Sanford sold 25,000 shares of the business’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $10.74, for a total value of $268,500.00. Following the completion of the transaction, the chief executive officer now directly owns 40,122,450 shares of the company’s stock, valued at approximately $430,915,113. This trade represents a 0.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 560,736 shares of company stock valued at $7,398,190 in the last 90 days. 28.85% of the stock is currently owned by insiders.

Hedge Funds Weigh In On eXp World

Several institutional investors and hedge funds have recently modified their holdings of EXPI. Point72 DIFC Ltd purchased a new position in shares of eXp World during the 2nd quarter worth $26,000. Allspring Global Investments Holdings LLC acquired a new position in eXp World in the third quarter valued at $30,000. Point72 Hong Kong Ltd purchased a new position in eXp World during the third quarter worth about $34,000. IHT Wealth Management LLC acquired a new stake in eXp World in the 3rd quarter worth about $145,000. Finally, Everence Capital Management Inc. acquired a new stake in eXp World in the 3rd quarter worth about $153,000. Hedge funds and other institutional investors own 27.17% of the company’s stock.

eXp World Company Profile

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.