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

Xos, Inc. (NASDAQ:XOS) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 535,200 shares, an increase of 24.8% from the March 15th total of 428,700 shares. Based on an average daily volume of 1,620,000 shares, the short-interest ratio is currently 0.3 days. Currently, 19.2% of the company’s shares are short sold.

XOS Price Performance

XOS stock opened at $3.38 on Monday. The firm has a 50-day moving average of $3.70 and a two-hundred day moving average of $3.80. The stock has a market cap of $27.39 million, a price-to-earnings ratio of -0.51 and a beta of 1.78. XOS has a 1 year low of $2.73 and a 1 year high of $9.22.

XOS (NASDAQ:XOS) last released its earnings results 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 firm had revenue of $11.47 million during the quarter, compared to analyst estimates of $20.89 million. XOS had a negative net margin of 71.59% and a negative return on equity of 80.70%. Research analysts expect that XOS will post -5.37 earnings per share for the current year.

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.