Short Interest in Expion360 Inc. (NASDAQ:XPON) Grows By 336.1%

Expion360 Inc. (NASDAQ:XPON) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 375,500 shares, agrowthof336.1% from the July 15th total of 86,100 shares. Currently,11.5% of the company’s stock are short sold. Based on an average daily volume of 1,040,000 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 1,040,000 shares, the days-to-cover ratio is currently 0.4 days. Currently,11.5% of the company’s stock are short sold.

Expion360 Stock Down 8.4%

Shares of XPON opened at $1.85 on Friday. The stock has a market capitalization of $6.42 million, a PE ratio of -0.02 and a beta of 0.16. Expion360 has a 1 year low of $0.60 and a 1 year high of $22.81. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.38 and a current ratio of 1.27. The company’s 50-day simple moving average is $1.09 and its 200-day simple moving average is $1.04.

Expion360 (NASDAQ:XPON) last issued its quarterly earnings results on Wednesday, August 13th. The company reported ($0.41) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.58) by $0.17. Expion360 had a negative net margin of 137.70% and a negative return on equity of 427.62%. The business had revenue of $2.99 million for the quarter, compared to analysts’ expectations of $2.14 million. Analysts forecast that Expion360 will post -21.69 earnings per share for the current fiscal year.

About Expion360

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.