Express, Inc. (NYSE:EXPR) Short Interest Up 7.1% in October

Express, Inc. (NYSE:EXPR) saw a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 467,600 shares, a growth of 7.1% from the October 15th total of 436,400 shares. Based on an average daily volume of 60,900 shares, the short-interest ratio is currently 7.7 days. Currently, 13.8% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Express in a research report on Thursday, October 5th. They issued a “sell” rating on the stock.

Institutional Trading of Express

A number of large investors have recently made changes to their positions in EXPR. JPMorgan Chase & Co. boosted its stake in shares of Express by 127,863.6% during the first quarter. JPMorgan Chase & Co. now owns 56,304 shares of the company’s stock valued at $200,000 after purchasing an additional 56,260 shares during the period. Citigroup Inc. lifted its stake in Express by 59,933.3% in the first quarter. Citigroup Inc. now owns 61,234 shares of the company’s stock worth $218,000 after acquiring an additional 61,132 shares during the period. Vanguard Group Inc. lifted its stake in Express by 10.9% in the first quarter. Vanguard Group Inc. now owns 3,115,305 shares of the company’s stock worth $11,090,000 after acquiring an additional 307,438 shares during the period. XTX Topco Ltd purchased a new stake in Express in the first quarter worth about $62,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Express by 20.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 445,632 shares of the company’s stock worth $1,586,000 after acquiring an additional 76,751 shares during the period. 22.28% of the stock is owned by hedge funds and other institutional investors.

Express Trading Up 7.9 %

NYSE EXPR traded up $0.75 on Friday, hitting $10.24. 75,862 shares of the stock were exchanged, compared to its average volume of 71,577. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.24 and a current ratio of 0.93. The stock has a fifty day moving average price of $8.83 and a two-hundred day moving average price of $11.84. The firm has a market capitalization of $38.40 million, a P/E ratio of 0.19 and a beta of 1.74. Express has a 52-week low of $7.36 and a 52-week high of $42.80.

Express (NYSE:EXPR) last issued its earnings results on Wednesday, September 6th. The company reported ($9.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($11.07) by $2.02. The firm had revenue of $435.34 million during the quarter, compared to analyst estimates of $440.65 million. Express had a net margin of 10.26% and a negative return on equity of 106.10%. During the same period in the previous year, the firm earned $0.10 earnings per share. Research analysts forecast that Express will post -33.58 EPS for the current fiscal year.

About Express

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.