Short Interest in Expion360 Inc. (NASDAQ:XPON) Drops By 19.7%

Expion360 Inc. (NASDAQ:XPON) saw a large decrease in short interest in the month of April. As of April 15th, there was short interest totalling 28,200 shares, a decrease of 19.7% from the March 31st total of 35,100 shares. Based on an average daily volume of 295,100 shares, the short-interest ratio is presently 0.1 days. Currently, 0.6% of the shares of the stock are sold short.

Institutional Investors Weigh In On Expion360

An institutional investor recently bought a new position in Expion360 stock. AE Wealth Management LLC purchased a new position in shares of Expion360 Inc. (NASDAQ:XPON) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 21,465 shares of the company’s stock, valued at approximately $88,000. AE Wealth Management LLC owned about 0.31% of Expion360 at the end of the most recent reporting period. 34.50% of the stock is owned by hedge funds and other institutional investors.

Expion360 Trading Down 2.1 %

XPON stock opened at $2.28 on Friday. Expion360 has a 1-year low of $1.79 and a 1-year high of $6.39. The firm has a market cap of $16.05 million, a P/E ratio of -2.13 and a beta of 0.41. The business’s 50 day moving average is $3.02 and its 200-day moving average is $4.05. The company has a current ratio of 2.06, a quick ratio of 1.11 and a debt-to-equity ratio of 0.06.

Expion360 (NASDAQ:XPON) last released its quarterly earnings data on Thursday, March 28th. The company reported ($0.31) earnings per share for the quarter, missing the consensus estimate of ($0.28) by ($0.03). The company had revenue of $0.86 million during the quarter, compared to the consensus estimate of $0.98 million. Expion360 had a negative net margin of 124.66% and a negative return on equity of 97.59%. Equities analysts anticipate that Expion360 will post -1.07 earnings per share for the current fiscal 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.