Short Interest in Expion360 Inc. (NASDAQ:XPON) Declines By 22.4%

Expion360 Inc. (NASDAQ:XPON) was the recipient of a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 500,633 shares, a decline of 22.4% from the February 26th total of 645,333 shares. Currently, 4.7% of the company’s stock are sold short. Based on an average trading volume of 193,661 shares, the days-to-cover ratio is presently 2.6 days.

Institutional Trading of Expion360

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

Analyst Upgrades and Downgrades

XPON has been the topic of several analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Expion360 in a research note on Wednesday, January 21st. Wall Street Zen lowered shares of Expion360 from a “hold” rating to a “strong sell” rating in a research note on Saturday, March 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Expion360 Stock Down 6.8%

Shares of XPON stock opened at $0.56 on Friday. The stock’s 50 day simple moving average is $0.74 and its 200 day simple moving average is $1.03. Expion360 has a twelve month low of $0.54 and a twelve month high of $5.50. The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.20 and a current ratio of 7.07. The company has a market capitalization of $6.07 million, a price-to-earnings ratio of -0.41 and a beta of 0.28.

Expion360 (NASDAQ:XPON) last announced its earnings results on Tuesday, March 17th. The company reported ($0.70) earnings per share (EPS) for the quarter. Expion360 had a negative return on equity of 119.83% and a negative net margin of 64.61%.The company had revenue of $2.22 million for the quarter. As a group, research analysts predict that Expion360 will post -21.69 EPS for the current year.

About Expion360

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.