QXO, Inc. (NASDAQ:QXO – Get Free Report) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 9,350,000 shares, an increase of 25.0% from the February 28th total of 7,480,000 shares. Based on an average daily trading volume, of 2,440,000 shares, the days-to-cover ratio is currently 3.8 days. Approximately 2.4% of the company’s stock are sold short.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC lifted its position in shares of QXO by 45.8% during the 4th quarter. SG Americas Securities LLC now owns 9,544 shares of the company’s stock worth $152,000 after purchasing an additional 3,000 shares during the last quarter. Toronto Dominion Bank purchased a new position in shares of QXO in the 4th quarter valued at about $159,000. Invesco Ltd. purchased a new position in shares of QXO in the 4th quarter valued at about $164,000. BNP Paribas Financial Markets acquired a new stake in shares of QXO during the 3rd quarter worth about $166,000. Finally, Entropy Technologies LP acquired a new position in QXO in the fourth quarter valued at approximately $169,000. 58.68% of the stock is owned by institutional investors and hedge funds.
QXO Stock Up 3.9 %
NASDAQ:QXO opened at $14.73 on Thursday. QXO has a 52 week low of $10.61 and a 52 week high of $290.00. The company has a fifty day simple moving average of $13.26 and a two-hundred day simple moving average of $14.75. The company has a market cap of $6.03 billion, a price-to-earnings ratio of -1.62, a price-to-earnings-growth ratio of 4.09 and a beta of 2.35.
QXO Company Profile
QXO, Inc operates as a business application, technology, and consulting company in North America. The company provides solutions for accounting and business management, financial reporting, enterprise resource planning, human capital management, warehouse management systems, customer relationship management, and business intelligence.
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