Exro Technologies Inc. (OTCMKTS:EXROF – Get Free Report) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 1,279,000 shares, a growth of 19.1% from the September 15th total of 1,074,100 shares. Based on an average daily trading volume, of 367,900 shares, the short-interest ratio is currently 3.5 days.
Analyst Upgrades and Downgrades
Separately, National Bank Financial downgraded shares of Exro Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 15th.
Read Our Latest Report on EXROF
Exro Technologies Stock Performance
Exro Technologies (OTCMKTS:EXROF – Get Free Report) last issued its earnings results on Wednesday, August 14th. The company reported ($0.04) earnings per share for the quarter, hitting the consensus estimate of ($0.04). The firm had revenue of $3.85 million for the quarter, compared to analyst estimates of $16.75 million. Exro Technologies had a negative return on equity of 77.42% and a negative net margin of 711.32%. As a group, sell-side analysts forecast that Exro Technologies will post -0.13 earnings per share for the current year.
About Exro Technologies
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.
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