Short Interest in Expion360 Inc. (NASDAQ:XPON) Declines By 26.5%

Expion360 Inc. (NASDAQ:XPON) saw a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 405,300 shares, a drop of 26.5% from the October 15th total of 551,300 shares. Currently, 82.5% of the shares of the stock are sold short. Based on an average daily volume of 1,970,000 shares, the days-to-cover ratio is currently 0.2 days.

Expion360 Stock Performance

Shares of NASDAQ XPON opened at $3.45 on Friday. The company has a quick ratio of 0.54, a current ratio of 1.37 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $1.93 million, a price-to-earnings ratio of -0.03 and a beta of 0.27. The stock’s fifty day simple moving average is $4.72 and its 200 day simple moving average is $68.29. Expion360 has a 52-week low of $2.09 and a 52-week high of $639.00.

Expion360 (NASDAQ:XPON) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($26.00) earnings per share for the quarter, beating analysts’ consensus estimates of ($27.00) by $1.00. Expion360 had a negative return on equity of 176.38% and a negative net margin of 168.29%. The business had revenue of $1.28 million for the quarter, compared to the consensus estimate of $1.36 million. As a group, sell-side analysts forecast that Expion360 will post -30 earnings per share for the current fiscal year.

Expion360 Company Profile

Expion360 Inc designs, assembles, manufactures, and sells lithium iron phosphate batteries and supporting accessories under the VPR 4EVER name for recreational vehicles, marine, golf, industrial, residential, and off-the-grid applications. It provides battery monitors; direct current battery chargers; various models of industrial tie-downs; power generators AURA POWERCAP; terminal blocks; and bus bars.