Xos, Inc. (NASDAQ:XOS) Sees Significant Drop in Short Interest

Xos, Inc. (NASDAQ:XOS) was the target of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 428,700 shares, a decline of 24.5% from the February 28th total of 567,700 shares. Approximately 15.5% of the company’s stock are sold short. Based on an average daily trading volume, of 1,590,000 shares, the short-interest ratio is presently 0.3 days.

XOS Stock Down 3.4 %

NASDAQ:XOS opened at $3.44 on Monday. The stock has a market cap of $27.62 million, a price-to-earnings ratio of -0.51 and a beta of 1.67. The company’s 50 day moving average price is $3.67 and its 200-day moving average price is $3.98. XOS has a 52 week low of $2.92 and a 52 week high of $10.84.

XOS (NASDAQ:XOS) last released its quarterly earnings data on Friday, March 28th. The company reported ($2.36) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.13) by ($1.23). The business had revenue of $11.47 million during the quarter, compared to the consensus estimate of $20.89 million. XOS had a negative net margin of 71.59% and a negative return on equity of 80.70%. As a group, sell-side analysts anticipate that XOS will post -5.37 earnings per share for the current year.

About XOS

Xos, Inc is an electric mobility company engaged in manufacturing electric trucks. The firm designs and develops fully electric battery mobility systems specifically for commercial fleets. The company was founded by Dakota Semler and Giordano Sordoni on July 29, 2020 and is headquartered in Los Angeles, CA.