XpresSpa Group Inc (NASDAQ:XSPA) saw a significant growth in short interest in September. As of September 14th, there was short interest totalling 1,468,572 shares, a growth of 90.7% from the August 31st total of 769,993 shares. Based on an average daily volume of 1,345,892 shares, the short-interest ratio is currently 1.1 days. Approximately 6.3% of the shares of the stock are short sold.
Separately, Zacks Investment Research lowered shares of XpresSpa Group from a “hold” rating to a “sell” rating in a research report on Tuesday, August 28th.
An institutional investor recently bought a new position in XpresSpa Group stock. BlackRock Inc. acquired a new stake in XpresSpa Group Inc (NASDAQ:XSPA) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 301,383 shares of the company’s stock, valued at approximately $217,000. BlackRock Inc. owned 1.13% of XpresSpa Group at the end of the most recent reporting period. 12.15% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ XSPA opened at $0.15 on Friday. XpresSpa Group has a fifty-two week low of $0.11 and a fifty-two week high of $1.80. The company has a market capitalization of $4.41 million, a P/E ratio of -0.20 and a beta of -0.83. The company has a current ratio of 0.63, a quick ratio of 0.52 and a debt-to-equity ratio of 0.39.
XpresSpa Group (NASDAQ:XSPA) last announced its quarterly earnings data on Tuesday, August 14th. The company reported ($0.11) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.04). XpresSpa Group had a negative net margin of 84.97% and a negative return on equity of 38.12%. The business had revenue of $13.04 million during the quarter, compared to analyst estimates of $13.88 million. research analysts predict that XpresSpa Group will post -0.49 EPS for the current fiscal year.
XpresSpa Group Company Profile
XpresSpa Group, Inc operates as a health and wellness services company in the United States and internationally. It operates through two segments, Wellness and Intellectual Property. The Wellness segment offers airport retailer spa services; massage services for the neck, back, feet, and whole body; nail care, such as pedicures, manicures, and polish changes; travel products, including neck pillows, blankets, and massage tools; and cryotherapy, compression, and personal care services, as well as retail products.
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