Express, Inc. (NYSE:EXPR) Short Interest Down 8.9% in July

Express, Inc. (NYSE:EXPR – Get Free Report) was the target of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totalling 7,440,000 shares, a decrease of 8.9% from the June 30th total of 8,170,000 shares. Based on an average trading volume of 1,130,000 shares, the days-to-cover ratio is presently 6.6 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. XTX Topco Ltd purchased a new position in Express in the first quarter valued at approximately $62,000. Prudential Financial Inc. bought a new stake in Express in the 2nd quarter valued at about $41,000. AQR Capital Management LLC purchased a new stake in Express during the second quarter valued at about $49,000. Wells Fargo & Company MN boosted its position in Express by 13,293.8% during the fourth quarter. Wells Fargo & Company MN now owns 25,850 shares of the company’s stock worth $26,000 after purchasing an additional 25,657 shares during the period. Finally, Engineers Gate Manager LP purchased a new position in shares of Express in the fourth quarter worth about $27,000. 37.97% of the stock is owned by institutional investors.

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Express Stock Up 2.0 %

EXPR stock opened at $0.77 on Monday. The stock’s 50 day moving average is $0.66 and its 200-day moving average is $0.84. Express has a twelve month low of $0.55 and a twelve month high of $2.70. The firm has a market capitalization of $57.33 million, a PE ratio of 0.22 and a beta of 1.70. The company has a quick ratio of 0.26, a current ratio of 0.94 and a debt-to-equity ratio of 0.76.

Express (NYSE:EXPR – Get Free Report) last issued its quarterly earnings data on Wednesday, May 24th. The company reported ($0.99) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.79) by ($0.20). Express had a negative return on equity of 112.84% and a net margin of 12.93%. The firm had revenue of $383.26 million during the quarter, compared to the consensus estimate of $389.43 million. Sell-side analysts expect that Express will post -1.66 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Express from a “hold” rating to a “sell” rating in a research note on Friday, May 26th.

About Express

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Express, Inc operates as a fashion retail company that offers apparel and accessories in the United States and Puerto Rico. The company sells its products under the UpWest and Express brands for men and women through its retail and factory outlet stores; express.com, an online store; and Express mobile app, as well as franchisees Express locations in Latin America.

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