Expro Group Holdings (NYSE:XPRO) Sees Significant Decline in Short Interest

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

Institutional Investors Weigh In On Expro Group

A number of institutional investors and hedge funds have recently made changes to their positions in XPRO. JPMorgan Chase & Co. raised its position in shares of Expro Group by 196.1% during the first quarter. JPMorgan Chase & Co. now owns 72,177 shares of the company’s stock worth $1,284,000 after acquiring an additional 47,797 shares during the last quarter. Panagora Asset Management Inc. bought a new stake in shares of Expro Group during the first quarter worth $947,000. BlackRock Inc. raised its position in shares of Expro Group by 6.4% during the first 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 last quarter. Dimensional Fund Advisors LP increased its holdings in Expro Group by 17.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,192,652 shares of the company’s stock valued at $21,206,000 after purchasing an additional 181,156 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in Expro Group by 45.8% in the first quarter. Vanguard Group Inc. now owns 1,076,501 shares of the company’s stock valued at $19,140,000 after purchasing an additional 338,285 shares during the last quarter. Institutional investors own 92.07% of the company’s stock.

Expro Group Trading Down 5.1 %

Expro Group stock opened at $19.57 on Friday. 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 business’s fifty day moving average is $18.85 and its two-hundred day moving average is $17.91. Expro Group has a 52 week low of $14.33 and a 52 week high of $25.04.

Expro Group (NYSE:XPROGet Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.07). The business had revenue of $406.75 million during the quarter, compared to analyst estimates of $382.91 million. Expro Group had a negative return on equity of 0.09% and a negative net margin of 1.54%. Expro Group’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.12 EPS. On average, equities analysts forecast that Expro Group will post 0.79 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Barclays boosted their price target on Expro Group from $17.00 to $18.00 and gave the company an “equal weight” rating in a research note on Thursday, February 29th.

Check Out Our Latest Report on Expro Group

About Expro Group

(Get Free Report)

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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