Expro Group Holdings (NYSE:XPRO) Short Interest Update

Expro Group Holdings (NYSE:XPRO) was the recipient of a large 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. Based on an average trading volume of 1,210,000 shares, the days-to-cover ratio is presently 3.6 days. Approximately 3.9% of the shares of the stock are sold short.

Institutional Trading of Expro Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. R Squared Ltd bought a new position in Expro Group in the 4th quarter worth about $27,000. Sterling Capital Management LLC increased its holdings in Expro Group by 824.7% during the 4th quarter. Sterling Capital Management LLC now owns 3,033 shares of the company’s stock worth $38,000 after purchasing an additional 2,705 shares during the period. US Bancorp DE raised its position in Expro Group by 56.0% during the 4th quarter. US Bancorp DE now owns 4,171 shares of the company’s stock valued at $52,000 after purchasing an additional 1,497 shares in the last quarter. KBC Group NV lifted its holdings in shares of Expro Group by 75.3% in the 4th quarter. KBC Group NV now owns 5,968 shares of the company’s stock worth $74,000 after buying an additional 2,563 shares during the period. Finally, Point72 Hong Kong Ltd bought a new position in shares of Expro Group during the 3rd quarter worth $171,000. Hedge funds and other institutional investors own 92.07% of the company’s stock.

Expro Group Trading Down 0.3 %

NYSE:XPRO traded down $0.03 during midday trading on Tuesday, hitting $9.92. 1,167,619 shares of the company traded hands, compared to its average volume of 1,158,314. The firm has a market capitalization of $1.15 billion, a P/E ratio of 70.83, a P/E/G ratio of 1.28 and a beta of 1.12. The firm’s fifty day moving average is $12.05 and its 200-day moving average is $13.53. Expro Group has a 12-month low of $9.68 and a 12-month high of $24.50. The company has a current ratio of 1.98, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on XPRO. The Goldman Sachs Group assumed coverage on shares of Expro Group in a research report on Friday, December 13th. They issued a “neutral” rating and a $18.00 price target on the stock. Barclays reduced their target price on shares of Expro Group from $17.00 to $14.00 and set an “overweight” rating on the stock in a report on Wednesday, March 5th.

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.