Express, Inc. (NYSE:EXPR) Short Interest Down 19.3% in June

Express, Inc. (NYSE:EXPR) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totalling 12,742,500 shares, a decrease of 19.3% from the May 30th total of 15,781,100 shares. Approximately 19.4% of the shares of the stock are sold short. Based on an average daily volume of 2,020,000 shares, the days-to-cover ratio is presently 6.3 days.

NYSE EXPR traded down $0.03 on Thursday, hitting $2.52. The company’s stock had a trading volume of 1,606,200 shares, compared to its average volume of 1,986,358. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.39 and a current ratio of 0.97. Express has a 1-year low of $2.48 and a 1-year high of $11.69. The stock’s 50-day simple moving average is $2.86. The company has a market capitalization of $172.53 million, a price-to-earnings ratio of 7.88 and a beta of 0.95.

Express (NYSE:EXPR) last announced its quarterly earnings results on Thursday, May 30th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.31) by $0.16. Express had a negative net margin of 0.04% and a positive return on equity of 2.20%. The firm had revenue of $451.30 million during the quarter, compared to analysts’ expectations of $429.41 million. During the same period in the prior year, the company posted $0.01 EPS. The company’s revenue was down 5.9% on a year-over-year basis. As a group, research analysts expect that Express will post -0.11 earnings per share for the current fiscal year.

EXPR has been the subject of a number of research analyst reports. TheStreet upgraded shares of ExOne from a “d” rating to a “c” rating in a research report on Thursday, March 14th. B. Riley set a $18.00 price objective on shares of TiVo and gave the stock a “buy” rating in a research report on Friday, May 31st. Wedbush lowered their price objective on shares of Express from $6.00 to $5.00 and set a “neutral” rating for the company in a research report on Thursday, March 14th. Zacks Investment Research cut shares of GENEL ENERGY PL/ADR from a “hold” rating to a “sell” rating in a research report on Thursday, July 4th. Finally, ValuEngine cut shares of Zosano Pharma from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $5.33.

A number of hedge funds and other institutional investors have recently made changes to their positions in EXPR. Norges Bank acquired a new position in Express in the 4th quarter valued at approximately $9,096,000. Bank of America Corp DE boosted its stake in shares of Express by 2,029.4% in the 4th quarter. Bank of America Corp DE now owns 1,167,252 shares of the company’s stock valued at $5,965,000 after purchasing an additional 1,112,436 shares during the last quarter. Quinn Opportunity Partners LLC boosted its stake in shares of Express by 551.5% in the 1st quarter. Quinn Opportunity Partners LLC now owns 1,259,795 shares of the company’s stock valued at $5,392,000 after purchasing an additional 1,066,420 shares during the last quarter. Divisar Capital Management LLC bought a new stake in shares of Express in the 4th quarter valued at $3,628,000. Finally, Marshall Wace LLP bought a new stake in shares of Express in the 1st quarter valued at $2,664,000.

About Express

Express, Inc operates as an apparel and accessories retailer. It offers apparel and accessories for women and men for work, casual, jeanswear, and going-out occasions. The company sells its products through its e-commerce Website, express.com; and mobile app, as well as franchisees Express locations in Latin America.

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