Expion360 Inc. (NASDAQ:XPON) Short Interest Up 665.7% in January

Expion360 Inc. (NASDAQ:XPON) saw a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 2,085,024 shares, an increase of 665.7% from the January 15th total of 272,296 shares. Approximately 21.9% of the shares of the company are short sold. Based on an average daily trading volume, of 5,938,950 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily trading volume, of 5,938,950 shares, the days-to-cover ratio is currently 0.4 days. Approximately 21.9% of the shares of the company are short sold.

Institutional Trading of Expion360

An institutional investor recently raised its position in Expion360 stock. Geode Capital Management LLC increased its stake in Expion360 Inc. (NASDAQ:XPON) by 207.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,639 shares of the company’s stock after buying an additional 46,339 shares during the period. Geode Capital Management LLC owned 0.71% of Expion360 worth $47,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 34.50% of the company’s stock.

Expion360 Stock Performance

Shares of XPON opened at $0.82 on Thursday. Expion360 has a 52-week low of $0.60 and a 52-week high of $5.50. The stock’s 50-day simple moving average is $0.90 and its 200 day simple moving average is $1.20. The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.69 and a current ratio of 9.18. The stock has a market capitalization of $7.90 million, a price-to-earnings ratio of -1.20 and a beta of 0.26.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Expion360 in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company 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.