Expion360 Inc. (NASDAQ:XPON) Short Interest Down 26.5% in October

Expion360 Inc. (NASDAQ:XPON) was the target of a large drop in short interest in 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. Based on an average trading volume of 1,970,000 shares, the days-to-cover ratio is presently 0.2 days. Currently, 82.5% of the company’s stock are short sold.

Expion360 Stock Down 24.6 %

XPON opened at $2.60 on Friday. Expion360 has a fifty-two week low of $2.09 and a fifty-two week high of $639.00. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.37 and a quick ratio of 0.54. The company’s 50-day moving average is $4.56 and its 200 day moving average is $66.33. The firm has a market capitalization of $1.45 million, a P/E ratio of -0.02 and a beta of 0.27.

Expion360 (NASDAQ:XPON) last released its earnings results on Wednesday, August 14th. The company reported ($26.00) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($27.00) by $1.00. The business had revenue of $1.28 million during the quarter, compared to the consensus estimate of $1.36 million. Expion360 had a negative return on equity of 176.38% and a negative net margin of 168.29%. Research analysts expect 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.