QXO, Inc. (NASDAQ:QXO) Short Interest Update

QXO, Inc. (NASDAQ:QXO) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totalling 18,440,000 shares, an increase of 97.2% from the March 15th total of 9,350,000 shares. Based on an average trading volume of 2,580,000 shares, the short-interest ratio is presently 7.1 days. Currently, 4.8% of the company’s stock are short sold.

QXO Trading Down 7.7 %

QXO stock traded down $1.10 during mid-day trading on Friday, hitting $13.17. The stock had a trading volume of 20,577,115 shares, compared to its average volume of 2,330,822. QXO has a 1-year low of $10.61 and a 1-year high of $290.00. The company has a fifty day moving average of $13.27 and a 200 day moving average of $14.63. The stock has a market capitalization of $5.39 billion, a price-to-earnings ratio of -1.44, a PEG ratio of 4.09 and a beta of 2.16.

Institutional Trading of QXO

A number of institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC boosted its holdings in QXO by 45.8% in the fourth 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 in the last quarter. Parallel Advisors LLC boosted its position in QXO by 62.2% during the first quarter. Parallel Advisors LLC now owns 11,570 shares of the company’s stock worth $157,000 after purchasing an additional 4,439 shares during the period. Toronto Dominion Bank acquired a new position in QXO during the fourth quarter valued at approximately $159,000. Invesco Ltd. bought a new position in shares of QXO in the fourth quarter valued at approximately $164,000. Finally, BNP Paribas Financial Markets acquired a new stake in shares of QXO in the third quarter worth $166,000. 58.68% of the stock is currently owned by institutional investors and hedge funds.

About QXO

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.