Expion360 Inc. (NASDAQ:XPON) Short Interest Down 21.1% in January

Expion360 Inc. (NASDAQ:XPON) was the recipient of a significant decline in short interest in January. As of January 15th, there was short interest totaling 272,296 shares, a decline of 21.1% from the December 31st total of 345,175 shares. Based on an average daily volume of 146,241 shares, the days-to-cover ratio is currently 1.9 days. Currently, 2.9% of the shares of the stock are sold short. Currently, 2.9% of the shares of the stock are sold short. Based on an average daily volume of 146,241 shares, the days-to-cover ratio is currently 1.9 days.

Hedge Funds Weigh In On Expion360

An institutional investor recently bought a new position in Expion360 stock. Apollon Wealth Management LLC purchased a new stake in Expion360 Inc. (NASDAQ:XPON) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 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 reporting period. 34.50% of the stock is owned by institutional investors.

Expion360 Stock Performance

Shares of Expion360 stock opened at $0.79 on Friday. The business’s 50 day moving average price is $0.95 and its 200 day moving average price is $1.23. The company has a market cap of $7.64 million, a price-to-earnings ratio of -1.16 and a beta of 0.26. The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.69 and a current ratio of 9.18. Expion360 has a one year low of $0.60 and a one year high of $5.50.

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

Wall Street Analyst Weigh In

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

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.