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

Expion360 Inc. (NASDAQ:XPON) was the recipient of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totalling 655,200 shares, a decrease of 57.2% from the August 31st total of 1,530,000 shares. Approximately 1.2% of the shares of the stock are short sold. Based on an average trading volume of 42,410,000 shares, the short-interest ratio is presently 0.0 days.

Expion360 Stock Performance

NASDAQ:XPON opened at $0.07 on Friday. The stock has a 50-day moving average price of $0.19 and a 200 day moving average price of $1.30. The company has a current ratio of 1.37, a quick ratio of 0.54 and a debt-to-equity ratio of 0.09. Expion360 has a 12-month low of $0.05 and a 12-month high of $6.39. The stock has a market capitalization of $4.01 million, a P/E ratio of -0.07 and a beta of 0.24.

Expion360 (NASDAQ:XPON) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($0.26) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.01. The firm had revenue of $1.28 million during the quarter, compared to analyst estimates of $1.36 million. Expion360 had a negative return on equity of 176.38% and a negative net margin of 168.29%. Equities research analysts forecast that Expion360 will post -0.34 EPS for the current fiscal year.

Expion360 Company Profile

Expion360 Inc designs, assembles, manufactures, and sells lithium iron phosphate batteries and supporting accessories under the VPR 4EVER name for recreational vehicles, marine, golf, industrial, residential, and off-the-grid applications. It provides battery monitors; direct current battery chargers; various models of industrial tie-downs; power generators AURA POWERCAP; terminal blocks; and bus bars.