Xos, Inc. (NASDAQ:XOS) Short Interest Update

Xos, Inc. (NASDAQ:XOS) saw a significant decline in short interest in 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. Currently, 15.5% of the shares of the company are short sold. Based on an average daily trading volume, of 1,590,000 shares, the days-to-cover ratio is presently 0.3 days.

XOS Trading Down 3.4 %

Shares of XOS stock opened at $3.44 on Monday. The company has a 50 day simple moving average of $3.67 and a two-hundred day simple moving average of $3.98. The stock has a market cap of $27.62 million, a P/E ratio of -0.51 and a beta of 1.67. XOS has a 12 month low of $2.92 and a 12 month high of $10.84.

XOS (NASDAQ:XOS) last posted its quarterly earnings data on Friday, March 28th. The company reported ($2.36) EPS for the quarter, missing the consensus estimate of ($1.13) by ($1.23). The company had revenue of $11.47 million during the quarter, compared to analysts’ expectations of $20.89 million. XOS had a negative return on equity of 80.70% and a negative net margin of 71.59%. As a group, equities analysts forecast 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.