XP Power (LON:XPP) is a midcap sitting just below the FTSE250*

It has a freefloat of over 80% yet the daily traded volumes are tiny, sometimes a couple of hundred shares, sometimes a couple of thousand.

Here's a 3 month chart showing volume:


So what am I missing, why are volumes so low? The NMS of 100 also seems low.


*Stocko shows it as 533rd in universe, but on stockchallenge it is 351 sitting in amongst FTSE250 companies

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