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

Expion360 Inc. (NASDAQ:XPON) was the target of a large increase in short interest in October. As of October 15th, there was short interest totalling 551,300 shares, an increase of 428.6% from the September 30th total of 104,300 shares. Based on an average daily trading volume, of 1,390,000 shares, the days-to-cover ratio is currently 0.4 days.

Expion360 Price Performance

Shares of XPON traded up $1.10 during midday trading on Friday, hitting $4.62. 22,282,084 shares of the company traded hands, compared to its average volume of 561,596. The stock has a market cap of $2.59 million, a price-to-earnings ratio of -0.04 and a beta of 0.23. Expion360 has a 52 week low of $2.09 and a 52 week high of $639.00. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.54 and a current ratio of 1.37. The firm has a 50 day moving average of $5.59 and a 200-day moving average of $90.30.

Expion360 (NASDAQ:XPON) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($26.00) earnings per share for the quarter, topping analysts’ consensus estimates of ($27.00) by $1.00. Expion360 had a negative return on equity of 176.38% and a negative net margin of 168.29%. The firm had revenue of $1.28 million during the quarter, compared to analysts’ expectations of $1.36 million. On average, analysts forecast that Expion360 will post -30 EPS 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.