Short Interest in Rxo Inc (NYSE:RXO) Increases By 19.8%

Rxo Inc (NYSE:RXO) saw a large increase in short interest in February. As of February 13th, there was short interest totaling 13,322,184 shares, an increase of 19.8% from the January 29th total of 11,119,056 shares. Approximately 8.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 4,609,663 shares, the short-interest ratio is presently 2.9 days. Based on an average daily trading volume, of 4,609,663 shares, the short-interest ratio is presently 2.9 days. Approximately 8.2% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

RXO has been the topic of a number of recent research reports. Wolfe Research upgraded shares of RXO from an “underperform” rating to a “peer perform” rating in a research report on Friday, November 14th. Susquehanna increased their target price on shares of RXO from $10.00 to $11.00 and gave the company a “negative” rating in a report on Thursday, January 8th. Stifel Nicolaus set a $15.00 target price on shares of RXO in a research report on Thursday, February 5th. Zacks Research downgraded shares of RXO from a “hold” rating to a “strong sell” rating in a research note on Friday, January 9th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of RXO in a research note on Monday, December 22nd. Four research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $16.47.

Institutional Investors Weigh In On RXO

Institutional investors and hedge funds have recently modified their holdings of the stock. Flagship Harbor Advisors LLC bought a new stake in shares of RXO during the 4th quarter valued at about $25,000. AlphaQuest LLC bought a new stake in RXO during the 2nd quarter valued at approximately $29,000. Geneos Wealth Management Inc. bought a new stake in RXO during the 1st quarter valued at approximately $30,000. Quarry LP purchased a new position in shares of RXO during the 3rd quarter worth approximately $33,000. Finally, Larson Financial Group LLC raised its position in shares of RXO by 146.5% in the 3rd quarter. Larson Financial Group LLC now owns 2,766 shares of the company’s stock worth $43,000 after acquiring an additional 1,644 shares in the last quarter. 92.73% of the stock is owned by hedge funds and other institutional investors.

RXO Stock Performance

Shares of NYSE:RXO opened at $15.50 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.25. The company has a 50-day moving average price of $14.92 and a 200-day moving average price of $15.15. The company has a market cap of $2.54 billion, a price-to-earnings ratio of -26.72, a price-to-earnings-growth ratio of 11.61 and a beta of 1.67. RXO has a 12 month low of $10.43 and a 12 month high of $20.58.

RXO (NYSE:RXO) last announced its quarterly earnings results on Friday, February 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.50 billion. RXO had a negative net margin of 1.74% and a negative return on equity of 0.44%. The firm’s revenue for the quarter was down 11.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.06 EPS. As a group, equities analysts anticipate that RXO will post 0.31 EPS for the current year.

RXO Company Profile

RXO Inc (NYSE: RXO) is a leading asset-light provider of digital freight brokerage and managed transportation solutions. The company leverages a proprietary technology platform to connect shippers with a network of third-party carriers, enabling optimized route planning, real-time shipment tracking, and dynamic pricing. RXO’s end-to-end service model spans full truckload, less-than-truckload (LTL), intermodal and cross-border freight movements, designed to improve efficiency and reduce transportation costs for its customers.

Operating primarily across North America, RXO serves a diverse base of shippers in industries ranging from retail and consumer goods to manufacturing and automotive.