Crexendo, Inc. (NASDAQ:CXDO) Short Interest Update

Crexendo, Inc. (NASDAQ:CXDO) was the recipient of a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 172,200 shares, a decrease of 19.6% from the November 15th total of 214,200 shares. Based on an average daily trading volume, of 139,400 shares, the days-to-cover ratio is presently 1.2 days. Currently, 1.5% of the shares of the company are short sold.

Crexendo Trading Down 0.4 %

Crexendo stock traded down $0.02 during midday trading on Monday, hitting $5.15. The stock had a trading volume of 524,231 shares, compared to its average volume of 173,583. Crexendo has a 52-week low of $2.92 and a 52-week high of $7.59. The company has a market capitalization of $137.58 million, a PE ratio of 171.67 and a beta of 1.10. The firm’s fifty day moving average is $5.38 and its two-hundred day moving average is $4.53.

Insider Activity

In other news, CEO Jeffrey G. Korn sold 7,000 shares of Crexendo stock in a transaction on Monday, December 9th. The shares were sold at an average price of $5.25, for a total transaction of $36,750.00. Following the transaction, the chief executive officer now owns 249,730 shares in the company, valued at $1,311,082.50. This trade represents a 2.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CTO David Tzat-Kin Wang sold 6,000 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $5.15, for a total value of $30,900.00. Following the completion of the sale, the chief technology officer now owns 443,079 shares of the company’s stock, valued at $2,281,856.85. This trade represents a 1.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 43,000 shares of company stock valued at $247,650 in the last ninety days. 56.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. GSA Capital Partners LLP lifted its holdings in Crexendo by 41.2% in the 3rd quarter. GSA Capital Partners LLP now owns 17,598 shares of the company’s stock worth $82,000 after purchasing an additional 5,139 shares in the last quarter. Advisor Resource Council purchased a new position in shares of Crexendo in the third quarter worth $93,000. Barclays PLC bought a new position in shares of Crexendo during the third quarter worth $109,000. Bailard Inc. purchased a new position in Crexendo during the second quarter valued at $113,000. Finally, Dimensional Fund Advisors LP increased its holdings in Crexendo by 476.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 101,273 shares of the company’s stock valued at $319,000 after acquiring an additional 83,702 shares during the last quarter. Hedge funds and other institutional investors own 9.53% of the company’s stock.

Crexendo Company Profile

Crexendo, Inc provides cloud communication platform and services, video collaboration, and managed IT services for businesses in the United States and internationally. It operates through two segments, Cloud Telecommunications Services and Software Solutions. The Cloud Telecommunications segment provides telecommunications services that transmit calls using Internet protocol (IP) or cloud technology, which converts voice signals into digital data packets for transmission over the Internet or cloud; and broadband Internet services, as well as develops end user portals for account and license management, and billing and customer support.