Expro Group Holdings (NYSE:XPRO) Short Interest Down 19.3% in March

Expro Group Holdings (NYSE:XPRO) saw a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 4,400,000 shares, a decrease of 19.3% from the February 28th total of 5,450,000 shares. Approximately 3.9% of the shares of the stock are sold short. Based on an average daily volume of 1,210,000 shares, the short-interest ratio is presently 3.6 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. California State Teachers Retirement System raised its stake in Expro Group by 10.9% during the fourth quarter. California State Teachers Retirement System now owns 92,977 shares of the company’s stock worth $1,159,000 after purchasing an additional 9,143 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Expro Group in the 4th quarter worth $183,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Expro Group by 8.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 240,585 shares of the company’s stock valued at $3,000,000 after acquiring an additional 18,506 shares during the last quarter. Voloridge Investment Management LLC purchased a new stake in Expro Group during the fourth quarter valued at about $2,563,000. Finally, Squarepoint Ops LLC increased its stake in Expro Group by 254.3% during the fourth quarter. Squarepoint Ops LLC now owns 409,242 shares of the company’s stock worth $5,103,000 after acquiring an additional 293,744 shares during the last quarter. Institutional investors and hedge funds own 92.07% of the company’s stock.

Wall Street Analysts Forecast Growth

XPRO has been the subject of several research reports. Barclays cut their price target on Expro Group from $17.00 to $14.00 and set an “overweight” rating for the company in a research note on Wednesday, March 5th. The Goldman Sachs Group initiated coverage on Expro Group in a research note on Friday, December 13th. They set a “neutral” rating and a $18.00 price objective on the stock.

Expro Group Price Performance

XPRO stock opened at $10.11 on Monday. The stock’s fifty day simple moving average is $12.14 and its 200-day simple moving average is $13.58. Expro Group has a 52-week low of $9.85 and a 52-week high of $24.50. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 72.18, a price-to-earnings-growth ratio of 1.28 and a beta of 1.12. The company has a quick ratio of 1.62, a current ratio of 1.98 and a debt-to-equity ratio of 0.09.

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.