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

Expion360 Inc. (NASDAQ:XPON) was the target of a significant decline in short interest during the month of February. As of February 15th, there was short interest totalling 232,300 shares, a decline of 23.1% from the January 31st total of 301,900 shares. Based on an average daily volume of 667,500 shares, the days-to-cover ratio is currently 0.3 days. Approximately 11.3% of the company’s stock are short sold.

Expion360 Trading Down 7.0 %

NASDAQ:XPON opened at $1.06 on Tuesday. Expion360 has a 12 month low of $1.06 and a 12 month high of $390.00. The firm has a fifty day simple moving average of $1.68 and a 200-day simple moving average of $3.43. The company has a current ratio of 1.30, a quick ratio of 0.80 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $2.22 million, a P/E ratio of -0.01 and a beta of -0.11.

About Expion360

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.