Expro Group Holdings N.V. (NYSE:XPRO) Sees Large Increase in Short Interest

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 significant 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 daily volume of 1,100,000 shares, the days-to-cover ratio is currently 5.8 days. Currently,5.7% of the company's stock are short sold. Currently,5.7% of the company's stock are short sold. Based on an average daily volume of 1,100,000 shares, the days-to-cover ratio is currently 5.8 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Nisa Investment Advisors LLC grew its holdings in shares of Expro Group by 2,394.2% during the 2nd quarter. Nisa Investment Advisors LLC now owns 3,018 shares of the company's stock worth $26,000 after purchasing an additional 2,897 shares during the period. Sterling Capital Management LLC boosted its holdings in Expro Group by 824.7% in the 4th quarter. Sterling Capital Management LLC now owns 3,033 shares of the company's stock worth $38,000 after acquiring an additional 2,705 shares during the period. Fifth Third Bancorp purchased a new position in Expro Group in the 1st quarter worth approximately $87,000. Pallas Capital Advisors LLC purchased a new position in Expro Group in the 2nd quarter worth approximately $90,000. Finally, Brighton Jones LLC purchased a new position in Expro Group in the 1st quarter worth approximately $103,000. Institutional investors and hedge funds own 92.07% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on XPRO shares. Pickering Energy Partners started coverage on shares of Expro Group in a report on Monday, July 28th. They issued an "outperform" rating on the stock. 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 target price on the stock. Wells Fargo & Company started coverage on shares of Expro Group in a report on Tuesday, May 27th. They issued an "overweight" rating and a $12.00 target price on the stock. The Goldman Sachs Group lowered their price objective on shares of Expro Group from $17.00 to $12.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. Finally, Barclays boosted their target price on shares of Expro Group from $12.00 to $15.00 and gave the stock an "overweight" rating in a research report on Friday. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $12.25.

Expro Group Price Performance

Shares of Expro Group stock traded up $0.16 on Tuesday, hitting $10.58. The company's stock had a trading volume of 328,505 shares, compared to its average volume of 1,241,494. Expro Group has a 52-week low of $6.70 and a 52-week high of $21.57. The company has a quick ratio of 1.78, a current ratio of 2.14 and a debt-to-equity ratio of 0.09. The firm has a fifty day moving average price of $9.11 and a 200-day moving average price of $9.91. The company has a market capitalization of $1.22 billion, a P/E ratio of 17.39 and a beta of 1.20.

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

About Expro Group

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.