Exro Technologies Inc. (OTCMKTS:EXROF) Sees Large Increase in Short Interest

Exro Technologies Inc. (OTCMKTS:EXROF) was the recipient of a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 1,484,600 shares, a growth of 21.0% from the November 15th total of 1,226,900 shares. Based on an average daily trading volume, of 633,100 shares, the days-to-cover ratio is presently 2.3 days.

Exro Technologies Stock Up 8.0 %

EXROF opened at $0.11 on Monday. The company has a debt-to-equity ratio of 2.22, a current ratio of 1.19 and a quick ratio of 0.54. Exro Technologies has a 12 month low of $0.08 and a 12 month high of $1.05. The stock has a market capitalization of $50.93 million, a P/E ratio of -0.21 and a beta of 3.25. The business has a 50 day simple moving average of $0.12 and a 200-day simple moving average of $0.26.

Wall Street Analyst Weigh In

Separately, Maxim Group cut shares of Exro Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th.

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.