Expro Group Holdings (NYSE:XPRO) Short Interest Update

Expro Group Holdings (NYSE:XPRO - Get Free Report) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totalling 5,310,000 shares, a decrease of 18.2% from the March 15th total of 6,490,000 shares. Based on an average daily volume of 920,500 shares, the days-to-cover ratio is currently 5.8 days. Currently, 5.0% of the company's stock are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of XPRO. JPMorgan Chase & Co. grew its position in Expro Group by 196.1% in the 1st quarter. JPMorgan Chase & Co. now owns 72,177 shares of the company's stock worth $1,284,000 after purchasing an additional 47,797 shares during the last quarter. Panagora Asset Management Inc. acquired a new stake in shares of Expro Group in the 1st quarter worth approximately $947,000. BlackRock Inc. lifted its stake in shares of Expro Group by 6.4% in the 1st quarter. BlackRock Inc. now owns 3,162,200 shares of the company's stock worth $56,225,000 after acquiring an additional 190,534 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Expro Group by 17.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,192,652 shares of the company's stock worth $21,206,000 after acquiring an additional 181,156 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of Expro Group by 45.8% in the 1st quarter. Vanguard Group Inc. now owns 1,076,501 shares of the company's stock worth $19,140,000 after acquiring an additional 338,285 shares during the period. Institutional investors own 92.07% of the company's stock.

Analysts Set New Price Targets

Separately, Barclays boosted their price objective on shares of Expro Group from $17.00 to $18.00 and gave the company an "equal weight" rating in a research report on Thursday, February 29th.

Expro Group Stock Performance

Shares of NYSE:XPRO traded down $1.06 during trading on Friday, reaching $19.56. 683,779 shares of the company's stock traded hands, compared to its average volume of 914,109. Expro Group has a 12 month low of $14.33 and a 12 month high of $25.04. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.74 and a quick ratio of 1.45. The stock has a market capitalization of $2.16 billion, a P/E ratio of -88.91 and a beta of 0.91. The company has a 50 day moving average of $18.85 and a 200-day moving average of $17.87.

Expro Group (NYSE:XPRO - Get Free Report) last posted its earnings results on Wednesday, February 21st. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.07). Expro Group had a negative return on equity of 0.09% and a negative net margin of 1.54%. The firm had revenue of $406.75 million during the quarter, compared to the consensus estimate of $382.91 million. During the same quarter last year, the company posted $0.12 EPS. Expro Group's revenue for the quarter was up 15.9% on a year-over-year basis. On average, equities analysts expect that Expro Group will post 0.79 EPS for the current year.

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.