Expion360 Inc. (NASDAQ:XPON) Short Interest Down 54.1% in September

Expion360 Inc. (NASDAQ:XPON) was the recipient of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 236,600 shares, a drop of 54.1% from the August 31st total of 515,300 shares. Based on an average daily trading volume, of 8,620,000 shares, the days-to-cover ratio is presently 0.0 days. Currently, 7.0% of the shares of the stock are short sold. Currently, 7.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 8,620,000 shares, the days-to-cover ratio is presently 0.0 days.

Expion360 Price Performance

XPON stock opened at $1.53 on Friday. The firm has a 50-day moving average price of $1.40 and a 200-day moving average price of $1.09. Expion360 has a 12 month low of $0.60 and a 12 month high of $5.58. The company has a current ratio of 1.27, a quick ratio of 0.39 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $5.32 million, a P/E ratio of -0.01 and a beta of 0.19.

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

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Expion360 to a “hold” rating in a research note on Saturday, September 20th.

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.