Expensify, Inc. (NASDAQ:EXFY) Short Interest Update

Expensify, Inc. (NASDAQ:EXFY) saw a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 504,300 shares, a growth of 10.2% from the November 15th total of 457,700 shares. Currently, 0.9% of the company’s shares are short sold. Based on an average daily trading volume, of 554,000 shares, the days-to-cover ratio is presently 0.9 days.

Insider Activity

In other Expensify news, COO Anuradha Muralidharan sold 29,410 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $3.40, for a total value of $99,994.00. Following the transaction, the chief operating officer now owns 3,941 shares in the company, valued at approximately $13,399.40. This represents a 88.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David Michael Barrett sold 58,226 shares of Expensify stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $2.76, for a total value of $160,703.76. Following the transaction, the chief executive officer now owns 2,508,867 shares of the company’s stock, valued at $6,924,472.92. This trade represents a 2.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 182,517 shares of company stock valued at $512,180 over the last quarter. 17.33% of the stock is owned by company insiders.

Hedge Funds Weigh In On Expensify

Large investors have recently made changes to their positions in the business. Marshall Wace LLP purchased a new stake in shares of Expensify during the second quarter valued at $53,000. Dynamic Technology Lab Private Ltd grew its stake in Expensify by 100.6% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 44,880 shares of the company’s stock valued at $88,000 after purchasing an additional 22,504 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Expensify in the second quarter valued at about $86,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Expensify by 76.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 66,095 shares of the company’s stock worth $130,000 after purchasing an additional 28,731 shares during the last quarter. Finally, Wealthspire Advisors LLC lifted its holdings in shares of Expensify by 40.7% during the second quarter. Wealthspire Advisors LLC now owns 66,212 shares of the company’s stock worth $99,000 after purchasing an additional 19,157 shares during the period. 68.42% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, JMP Securities cut Expensify from an “outperform” rating to a “market perform” rating in a report on Monday, November 25th.

Expensify Price Performance

Shares of Expensify stock traded down $0.15 during trading on Friday, hitting $3.87. 882,814 shares of the company’s stock traded hands, compared to its average volume of 730,507. The stock has a market capitalization of $298.59 million, a P/E ratio of -21.50 and a beta of 1.90. The business has a 50-day simple moving average of $2.57 and a 200-day simple moving average of $2.14. Expensify has a 1 year low of $1.24 and a 1 year high of $4.13.

Expensify Company Profile

Expensify, Inc provides a cloud-based expense management software platform to individuals and corporations, small and midsized businesses, and enterprises in the United States and internationally. The company’s platform enables users to manage corporate cards, pay bills, generate invoices, collect payments, and book travel.