Expro Group Holdings N.V. (NYSE:XPRO) Short Interest Up 28,181.9% in July

Key Points

• Expro Group Holdings N.V. experienced a staggering 28,181.9% increase in short interest in July, from 22,700 shares to 6,420,000 shares.
• The stock currently has a short-interest ratio of 5.8 days, with 5.7% of its shares sold short, indicating significant speculative interest.
• Analysts have set a consensus price target of $12.25 for Expro Group, with recent ratings suggesting an overall "Moderate Buy" status.

Expro Group Holdings N.V. (NYSE:XPRO - Get Free Report) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 6,420,000 shares, anincreaseof28,181.9% from the June 30th total of 22,700 shares. Based on an average trading volume of 1,100,000 shares, the short-interest ratio is currently 5.8 days. Currently,5.7% of the company's stock are sold short. Currently,5.7% of the company's stock are sold short. Based on an average trading volume of 1,100,000 shares, the short-interest ratio is currently 5.8 days.

Expro Group Trading Down 2.3%

Shares of Expro Group stock traded down $0.25 on Friday, reaching $10.53. 1,539,129 shares of the company were exchanged, compared to its average volume of 1,248,872. The stock has a fifty day moving average price of $9.00 and a 200-day moving average price of $10.03. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 17.26 and a beta of 1.17. The company has a current ratio of 2.14, a quick ratio of 1.74 and a debt-to-equity ratio of 0.09. Expro Group has a fifty-two week low of $6.70 and a fifty-two week high of $21.57.

Expro Group (NYSE:XPRO - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.04. The company had revenue of $422.74 million for the quarter, compared to analyst estimates of $408.04 million. Expro Group had a return on equity of 6.43% and a net margin of 4.26%. On average, analysts expect that Expro Group will post 0.68 EPS for the current year.

Hedge Funds Weigh In On Expro Group

Hedge funds have recently modified their holdings of the stock. Earnest Partners LLC increased its position in shares of Expro Group by 60.0% in the first quarter. Earnest Partners LLC now owns 7,140,421 shares of the company's stock valued at $70,976,000 after acquiring an additional 2,678,489 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in shares of Expro Group by 27.9% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 11,125,506 shares of the company's stock valued at $138,736,000 after purchasing an additional 2,426,258 shares during the last quarter. Millennium Management LLC bought a new stake in shares of Expro Group in the 4th quarter valued at $21,711,000. Brown Advisory Inc. boosted its position in Expro Group by 108.3% during the fourth quarter. Brown Advisory Inc. now owns 1,686,177 shares of the company's stock valued at $21,027,000 after acquiring an additional 876,619 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in Expro Group by 20.4% during the first quarter. American Century Companies Inc. now owns 5,065,985 shares of the company's stock valued at $50,356,000 after acquiring an additional 859,000 shares during the last quarter. 92.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

XPRO has been the topic of a number of analyst reports. Barclays raised their price objective on shares of Expro Group from $12.00 to $15.00 and gave the stock an "overweight" rating in a research note on Friday. Piper Sandler started coverage on shares of Expro Group in a report on Tuesday, July 15th. They issued a "neutral" rating and a $10.00 price objective on the stock. Pickering Energy Partners started coverage on shares of Expro Group in a report on Monday. They issued an "outperform" rating on the stock. The Goldman Sachs Group reduced their price objective on shares of Expro Group from $17.00 to $12.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Finally, Wells Fargo & Company started coverage on Expro Group in a report on Tuesday, May 27th. They issued an "overweight" rating and a $12.00 target price for the company. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Expro Group has a consensus rating of "Moderate Buy" and an average target price of $12.25.

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.

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