Exro Technologies Inc. (OTCMKTS:EXROF) Short Interest Up 46.0% in June

Exro Technologies Inc. (OTCMKTS:EXROF) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 620,400 shares, a growth of 46.0% from the May 31st total of 425,000 shares. Based on an average daily volume of 325,400 shares, the days-to-cover ratio is presently 1.9 days.

Analyst Ratings Changes

Separately, National Bank Financial reissued an “outperform market weight” rating on shares of Exro Technologies in a research note on Friday, April 5th.

Exro Technologies Stock Performance

OTCMKTS EXROF traded up $0.05 on Monday, hitting $0.47. The stock had a trading volume of 292,200 shares, compared to its average volume of 126,558. Exro Technologies has a 52-week low of $0.33 and a 52-week high of $1.93. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.90 and a quick ratio of 0.74. The business’s fifty day moving average price is $0.47 and its 200 day moving average price is $0.62.

Exro Technologies (OTCMKTS:EXROF) last released its quarterly earnings results on Wednesday, May 15th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The firm had revenue of $0.94 million for the quarter, compared to analysts’ expectations of $1.99 million. Exro Technologies had a negative return on equity of 139.09% and a negative net margin of 826.56%. Sell-side analysts anticipate that Exro Technologies will post -0.12 EPS for the current fiscal year.

Exro Technologies Company Profile

Exro Technologies Inc focuses on developing generation power-control electronics in Canada. The company offers Exro Coil Driver, which allows the motor to switch between different operational profiles in real-time, as well as have multiple gears for scooters, electric bikes, recreational, light electric cars, motorcycles, fleet vans, electric buses, passenger vehicles, long-haul trucks, and industrial vehicles markets; and Exro Cell Driver, a stationary energy storage system for commercial and industrial energy storage applications.