Expion360 Inc. (NASDAQ:XPON) Sees Large Decrease in Short Interest

Expion360 Inc. (NASDAQ:XPON) was the target of a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 333,540 shares, a drop of 58.8% from the November 30th total of 810,133 shares. Currently, 3.5% of the company’s stock are sold short. Based on an average daily trading volume, of 241,901 shares, the days-to-cover ratio is currently 1.4 days. Based on an average daily trading volume, of 241,901 shares, the days-to-cover ratio is currently 1.4 days. Currently, 3.5% of the company’s stock are sold short.

Expion360 Trading Down 4.4%

NASDAQ:XPON opened at $0.82 on Friday. Expion360 has a 12-month low of $0.60 and a 12-month high of $5.50. The company has a debt-to-equity ratio of 0.02, a current ratio of 9.18 and a quick ratio of 5.69. The business has a 50 day simple moving average of $1.16 and a 200 day simple moving average of $1.24. The firm has a market capitalization of $7.92 million, a P/E ratio of -1.21 and a beta of 0.20.

Expion360 (NASDAQ:XPON) last posted its earnings results on Thursday, November 13th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.54) by $0.64. The company had revenue of $2.39 million for the quarter, compared to analysts’ expectations of $2.68 million. Expion360 had a negative return on equity of 48.80% and a negative net margin of 21.76%. Equities research analysts predict that Expion360 will post -21.69 EPS for the current year.

Institutional Investors Weigh In On Expion360

An institutional investor recently bought a new position in Expion360 stock. Apollon Wealth Management LLC acquired a new position in shares of Expion360 Inc. (NASDAQ:XPON) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 43,228 shares of the company’s stock, valued at approximately $62,000. Apollon Wealth Management LLC owned 1.25% of Expion360 at the end of the most recent quarter. Institutional investors own 34.50% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Wall Street Zen upgraded Expion360 to a “hold” rating in a research note on Saturday, September 20th. Weiss Ratings restated a “sell (e+)” rating on shares of Expion360 in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Expion360 Company Profile

Expion360, trading under the ticker XPON on the NASDAQ, is a cybersecurity software company that operates through its Leviathan Security Group division. The company’s flagship offering, the Leviathan Platform, delivers a unified risk management solution designed to help organizations identify, assess and remediate cybersecurity vulnerabilities. By consolidating compliance management, threat detection and data protection into a single platform, Expion360 enables enterprises to streamline security workflows and maintain continuous visibility into their cyber risk posture.

The Leviathan Platform encompasses modules for vulnerability scanning, automated compliance mapping to frameworks such as NIST, HIPAA and PCI DSS, real-time threat intelligence and incident response orchestration.