Short Interest in Expion360 Inc. (NASDAQ:XPON) Drops By 50.2%

Expion360 Inc. (NASDAQ:XPON) was the target of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 98,107 shares, a decline of 50.2% from the May 14th total of 197,127 shares. Currently, 0.9% of the company’s shares are short sold. Based on an average daily trading volume, of 188,561 shares, the short-interest ratio is currently 0.5 days.

Analyst Ratings Changes

XPON has been the topic of several recent analyst reports. Wall Street Zen cut shares of Expion360 from a “hold” rating to a “strong sell” rating in a report on Saturday, March 21st. Weiss Ratings restated a “sell (e+)” rating on shares of Expion360 in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Expion360 presently has a consensus rating of “Sell”.

Institutional Trading of Expion360

An institutional investor recently raised its position in Expion360 stock. Geode Capital Management LLC increased its holdings in Expion360 Inc. (NASDAQ:XPON) by 207.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,639 shares of the company’s stock after purchasing an additional 46,339 shares during the quarter. Geode Capital Management LLC owned approximately 0.71% of Expion360 worth $47,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 34.50% of the stock is currently owned by institutional investors.

Expion360 Price Performance

Shares of NASDAQ:XPON opened at $0.50 on Friday. The stock has a market cap of $5.76 million, a PE ratio of -0.43 and a beta of 0.47. The stock’s fifty day simple moving average is $0.62 and its two-hundred day simple moving average is $0.76. The company has a current ratio of 6.44, a quick ratio of 4.07 and a debt-to-equity ratio of 0.03. Expion360 has a 1-year low of $0.45 and a 1-year high of $5.50.

Expion360 (NASDAQ:XPON) last posted its quarterly earnings results on Friday, May 15th. The company reported ($0.17) earnings per share (EPS) for the quarter. The business had revenue of $1.57 million for the quarter. Expion360 had a negative net margin of 74.66% and a negative return on equity of 115.70%.

About Expion360

Expion360, trading under the ticker XPON on the NASDAQ, is a cybersecurity software company that operates through its Leviathan Security Group division. The company’s flagship offering, the Leviathan Platform, delivers a unified risk management solution designed to help organizations identify, assess and remediate cybersecurity vulnerabilities. By consolidating compliance management, threat detection and data protection into a single platform, Expion360 enables enterprises to streamline security workflows and maintain continuous visibility into their cyber risk posture.

The Leviathan Platform encompasses modules for vulnerability scanning, automated compliance mapping to frameworks such as NIST, HIPAA and PCI DSS, real-time threat intelligence and incident response orchestration.