Expion360 Inc. (NASDAQ:XPON) Sees Significant Growth in Short Interest

Expion360 Inc. (NASDAQ:XPON) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 551,300 shares, an increase of 428.6% from the September 30th total of 104,300 shares. Based on an average daily volume of 1,390,000 shares, the days-to-cover ratio is presently 0.4 days.

Expion360 Stock Up 21.9 %

NASDAQ XPON opened at $4.29 on Friday. The business has a fifty day moving average price of $5.52 and a 200 day moving average price of $88.85. Expion360 has a one year low of $2.09 and a one year high of $639.00. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.54 and a current ratio of 1.37. The company has a market cap of $2.40 million, a P/E ratio of -0.04 and a beta of 0.23.

Expion360 (NASDAQ:XPON) last issued its earnings results on Wednesday, August 14th. The company reported ($26.00) earnings per share (EPS) for the quarter, beating the consensus estimate of ($27.00) by $1.00. The company had revenue of $1.28 million during the quarter, compared to analysts’ expectations of $1.36 million. Expion360 had a negative return on equity of 176.38% and a negative net margin of 168.29%. Research analysts anticipate that Expion360 will post -30 EPS 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.