Expion360 Inc. (NASDAQ:XPON) Sees Significant Decrease in Short Interest

Expion360 Inc. (NASDAQ:XPON) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 515,300 shares, a drop of 86.0% from the August 15th total of 3,690,000 shares. Currently, 15.3% of the company’s shares are sold short. Based on an average daily volume of 7,880,000 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 7,880,000 shares, the days-to-cover ratio is currently 0.1 days. Currently, 15.3% of the company’s shares are sold short.

Expion360 Stock Down 15.6%

Shares of XPON opened at $1.24 on Friday. The company has a quick ratio of 0.39, a current ratio of 1.27 and a debt-to-equity ratio of 0.09. The firm has a market cap of $4.30 million, a PE ratio of -0.01 and a beta of 0.19. The company’s fifty day moving average is $1.31 and its two-hundred day moving average is $1.05. Expion360 has a fifty-two week low of $0.60 and a fifty-two week high of $22.81.

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

Expion360 Company Profile

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.