Expion360 Inc. (NASDAQ:XPON) Short Interest Up 428.6% in October

Expion360 Inc. (NASDAQ:XPON) was the target of a significant increase in short interest during the month of 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 short-interest ratio is currently 0.4 days.

Expion360 Stock Performance

Shares of XPON opened at $4.29 on Friday. Expion360 has a 1 year low of $2.09 and a 1 year high of $639.00. The company’s 50 day simple moving average is $5.52 and its 200 day simple moving average is $87.98. The company has a market capitalization of $2.40 million, a price-to-earnings ratio of -0.04 and a beta of 0.23. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.54 and a current ratio of 1.37.

Expion360 (NASDAQ:XPON) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($26.00) earnings per share 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 company had revenue of $1.28 million during the quarter, compared to the consensus estimate of $1.36 million. On average, sell-side analysts predict that Expion360 will post -30 EPS 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.