Short Interest in Expion360 Inc. (NASDAQ:XPON) Declines By 26.5%

Expion360 Inc. (NASDAQ:XPON) was the target of a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 405,300 shares, a decline of 26.5% from the October 15th total of 551,300 shares. Currently, 82.5% of the shares of the company are short sold. Based on an average daily volume of 1,970,000 shares, the short-interest ratio is currently 0.2 days.

Expion360 Trading Up 2.7 %

Expion360 stock opened at $3.45 on Friday. 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 business’s 50-day simple moving average is $4.72 and its 200-day simple moving average is $68.29. The firm has a market capitalization of $1.93 million, a PE ratio of -0.03 and a beta of 0.27. Expion360 has a 52 week low of $2.09 and a 52 week high of $639.00.

Expion360 (NASDAQ:XPON) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($26.00) earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $1.36 million. Equities research analysts forecast that Expion360 will post -30 earnings per share for the current 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.