Xos, Inc. (NASDAQ:XOS) Sees Large Growth in Short Interest

Xos, Inc. (NASDAQ:XOS) was the recipient of a significant growth in short interest in February. As of February 28th, there was short interest totalling 567,700 shares, a growth of 27.1% from the February 13th total of 446,800 shares. Currently, 20.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,590,000 shares, the short-interest ratio is currently 0.4 days.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on XOS shares. Northland Capmk downgraded shares of XOS from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 25th. Northland Securities reiterated a “market perform” rating and set a $5.00 price objective (down from $9.00) on shares of XOS in a research note on Monday, November 25th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, XOS presently has an average rating of “Moderate Buy” and an average price target of $10.25.

XOS Trading Down 2.5 %

XOS stock opened at $3.53 on Wednesday. The stock has a market capitalization of $28.34 million, a P/E ratio of -0.53 and a beta of 1.67. XOS has a 12 month low of $2.92 and a 12 month high of $12.85. The firm has a 50-day moving average price of $3.61 and a 200-day moving average price of $4.04.

XOS Company Profile

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.