Expion360 Inc. (NASDAQ:XPON) Short Interest Up 248.0% in September

Expion360 Inc. (NASDAQ:XPON) was the target of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 823,400 shares, a growth of 248.0% from the September 15th total of 236,600 shares. Currently, 24.4% of the shares of the stock are short sold. Based on an average trading volume of 8,800,000 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 8,800,000 shares, the days-to-cover ratio is currently 0.1 days. Currently, 24.4% of the shares of the stock are short sold.

Expion360 Stock Performance

Shares of XPON stock opened at $1.52 on Monday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.27 and a quick ratio of 0.39. Expion360 has a fifty-two week low of $0.60 and a fifty-two week high of $5.50. The stock’s 50-day moving average is $1.47 and its two-hundred day moving average is $1.14. The firm has a market cap of $5.27 million, a P/E ratio of -0.01 and a beta of 0.19.

Expion360 (NASDAQ:XPON) last issued its earnings results on Wednesday, August 13th. The company reported ($0.41) earnings per share for the quarter, topping the consensus estimate of ($0.58) by $0.17. Expion360 had a negative return on equity of 427.62% and a negative net margin of 137.70%.The company had revenue of $2.99 million for the quarter, compared to analyst estimates of $2.14 million. Analysts predict that Expion360 will post -21.69 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on XPON. Wall Street Zen upgraded Expion360 to a “hold” rating in a report on Saturday, September 20th. Weiss Ratings reissued a “sell (e+)” rating on shares of Expion360 in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Expion360 has an average rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Expion360 stock. Apollon Wealth Management LLC bought a new position in Expion360 Inc. (NASDAQ:XPON) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 43,228 shares of the company’s stock, valued at approximately $62,000. Apollon Wealth Management LLC owned about 1.25% of Expion360 at the end of the most recent reporting period. Hedge funds and other institutional investors own 34.50% of the company’s stock.

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.