XpresSpa Group, Inc. (NASDAQ:XSPA) saw a large drop in short interest in the month of January. As of January 12th, there was short interest totalling 811,144 shares, a drop of 23.6% from the December 29th total of 1,062,389 shares. Based on an average daily volume of 828,367 shares, the days-to-cover ratio is presently 1.0 days.
In other news, major shareholder Awm Investment Company, Inc. sold 110,000 shares of the firm’s stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $1.52, for a total value of $167,200.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Over the last 90 days, insiders sold 373,350 shares of company stock worth $562,225. Company insiders own 26.40% of the company’s stock.
Shares of XpresSpa Group (XSPA) opened at $1.03 on Thursday. The company has a market capitalization of $29.73, a PE ratio of -0.90 and a beta of -0.42. The company has a current ratio of 1.68, a quick ratio of 1.30 and a debt-to-equity ratio of 0.12. XpresSpa Group has a twelve month low of $0.93 and a twelve month high of $2.60.
XpresSpa Group (NASDAQ:XSPA) last announced its earnings results on Thursday, November 9th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.08). The company had revenue of $17.73 million for the quarter, compared to analysts’ expectations of $18.68 million. XpresSpa Group had a negative net margin of 43.21% and a negative return on equity of 34.86%. research analysts predict that XpresSpa Group will post -0.96 earnings per share for the current year.
Separately, Zacks Investment Research downgraded XpresSpa Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th.
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XpresSpa Group Company Profile
FORM Holdings Corp., together with its subsidiaries, develops, acquires, and monetizes intellectual property worldwide. It operates through four segments: XpresSpa, Group Mobile, FLI Charge, and Intellectual Property. The company offers spa services and related products that include massage services for the neck, back, feet, and whole body; nail care, such as pedicures, manicures, and polish changes; and travel products comprising neck pillows, blankets, massage tools, and eye masks.
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