Short Interest in Expion360 Inc. (NASDAQ:XPON) Expands By 83.7%

Expion360 Inc. (NASDAQ:XPON) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 180,250 shares, an increase of 83.7% from the May 31st total of 98,107 shares. Approximately 1.6% of the shares of the company are short sold. Based on an average daily volume of 153,410 shares, the short-interest ratio is presently 1.2 days.

Analysts Set New Price Targets

A number of research firms have issued reports on XPON. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Expion360 in a report on Monday, April 20th. Wall Street Zen lowered shares of Expion360 from a “hold” rating to a “strong sell” rating in a report on Saturday, March 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Expion360

A hedge fund recently raised its stake in Expion360 stock. Geode Capital Management LLC increased its position in shares of Expion360 Inc. (NASDAQ:XPON) by 207.8% during the fourth quarter, according to its most recent Form 13F filing with the 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 as of its most recent filing with the SEC. Institutional investors own 34.50% of the company’s stock.

Expion360 Stock Performance

NASDAQ XPON opened at $0.46 on Thursday. The stock has a 50-day simple moving average of $0.55 and a two-hundred day simple moving average of $0.69. The firm has a market capitalization of $5.29 million, a P/E ratio of -0.39 and a beta of 0.49. Expion360 has a fifty-two week low of $0.43 and a fifty-two week high of $5.50. The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.07 and a current ratio of 6.44.

Expion360 (NASDAQ:XPON) last announced its quarterly earnings results on Friday, May 15th. The company reported ($0.17) earnings per share (EPS) for the quarter. Expion360 had a negative net margin of 74.66% and a negative return on equity of 115.70%. The company had revenue of $1.57 million during the quarter.

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.