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

Expion360 Inc. (NASDAQ:XPON) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totalling 655,200 shares, a drop of 57.2% from the August 31st total of 1,530,000 shares. Approximately 1.2% of the company’s shares are short sold. Based on an average daily trading volume, of 42,410,000 shares, the short-interest ratio is currently 0.0 days.

Expion360 Stock Performance

NASDAQ XPON opened at $0.08 on Thursday. The company has a market cap of $625,380.00, a P/E ratio of -0.08 and a beta of 0.24. Expion360 has a 12 month low of $0.05 and a 12 month high of $6.39. 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 has a 50-day moving average of $0.22 and a 200-day moving average of $1.33.

Expion360 (NASDAQ:XPON) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.26) EPS for the quarter, topping the consensus estimate of ($0.27) by $0.01. The firm had revenue of $1.28 million during the quarter, compared to analyst estimates of $1.36 million. Expion360 had a negative net margin of 168.29% and a negative return on equity of 176.38%. As a group, equities analysts predict that Expion360 will post -0.34 earnings per share for the current 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.