XPO, Inc. (NYSE:XPO) Short Interest Up 325,900.0% in July

Key Points

• XPO, Inc. experienced a remarkable 325,900.0% increase in short interest in July, totaling 8,150,000 shares, compared to only 2,500 shares at the end of June.
• The company's stock is currently priced at $120.02, reflecting a 0.2% decrease, with a market cap of $14.14 billion and a PE ratio of 36.89.
• XPO's latest earnings report revealed $1.05 earnings per share, exceeding expectations, and revenue of $2.08 billion, marking a year-over-year increase.

XPO, Inc. (NYSE:XPO - Get Free Report) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 8,150,000 shares, anincreaseof325,900.0% from the June 30th total of 2,500 shares. Based on an average daily trading volume, of 1,530,000 shares, the days-to-cover ratio is presently 5.3 days. Based on an average daily trading volume, of 1,530,000 shares, the days-to-cover ratio is presently 5.3 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. SouthState Corp bought a new position in shares of XPO during the first quarter valued at about $25,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of XPO by 89.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 240 shares of the transportation company's stock valued at $26,000 after purchasing an additional 113 shares in the last quarter. RMG Wealth Management LLC bought a new stake in XPO in the second quarter worth about $26,000. FNY Investment Advisers LLC bought a new stake in XPO in the second quarter worth about $42,000. Finally, Bessemer Group Inc. raised its position in XPO by 58.7% in the second quarter. Bessemer Group Inc. now owns 403 shares of the transportation company's stock worth $51,000 after acquiring an additional 149 shares during the period. 97.73% of the stock is currently owned by institutional investors and hedge funds.

XPO Stock Down 0.2%

NYSE XPO traded down $0.27 on Friday, hitting $120.02. 832,182 shares of the company were exchanged, compared to its average volume of 1,634,345. The company has a market cap of $14.14 billion, a PE ratio of 36.89, a PEG ratio of 2.56 and a beta of 1.93. XPO has a 12 month low of $85.06 and a 12 month high of $161.00. The stock has a fifty day moving average of $125.48 and a 200-day moving average of $120.49. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.03.

XPO (NYSE:XPO - Get Free Report) last issued its earnings results on Thursday, July 31st. The transportation company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.06. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.05 billion. XPO had a net margin of 4.87% and a return on equity of 28.27%. XPO's revenue was up .0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.12 earnings per share. As a group, analysts forecast that XPO will post 4.15 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Evercore ISI boosted their price target on shares of XPO from $115.00 to $116.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. TD Cowen lowered their target price on shares of XPO from $136.00 to $133.00 and set a "buy" rating on the stock in a research note on Friday, June 27th. Wells Fargo & Company upped their price objective on shares of XPO from $144.00 to $147.00 and gave the stock an "overweight" rating in a research note on Friday. Jefferies Financial Group reiterated a "buy" rating and set a $140.00 target price (up from $135.00) on shares of XPO in a research report on Tuesday, June 10th. Finally, JPMorgan Chase & Co. increased their target price on shares of XPO from $121.00 to $130.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. One analyst has rated the stock with a sell rating and nineteen have given a buy rating to the company. According to MarketBeat, XPO currently has a consensus rating of "Moderate Buy" and an average target price of $138.00.

XPO Company Profile

XPO, Inc provides freight transportation services in the United States, rest of North America, France, the United Kingdom, rest of Europe, and internationally. The company operates in two segments, North American LTL and European Transportation. The North American LTL segment provides customers with less-than-truckload (LTL) services, such as geographic density and day-definite domestic services.

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