Short Interest in Expion360 Inc. (NASDAQ:XPON) Decreases By 19.7%

Expion360 Inc. (NASDAQ:XPON) was the recipient of a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 28,200 shares, a decline of 19.7% from the March 31st total of 35,100 shares. Based on an average trading volume of 295,100 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.6% of the company’s stock are sold short.

Hedge Funds Weigh In On Expion360

An institutional investor recently bought a new position in Expion360 stock. Kestra Private Wealth Services LLC purchased a new stake in Expion360 Inc. (NASDAQ:XPON) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 10,000 shares of the company’s stock, valued at approximately $41,000. Kestra Private Wealth Services LLC owned 0.14% of Expion360 at the end of the most recent reporting period. 34.50% of the stock is owned by hedge funds and other institutional investors.

Expion360 Trading Down 2.1 %

Shares of XPON stock opened at $2.28 on Monday. Expion360 has a 1 year low of $1.79 and a 1 year high of $6.39. The firm’s fifty day simple moving average is $3.02 and its 200 day simple moving average is $4.04. The firm has a market capitalization of $16.05 million, a P/E ratio of -2.13 and a beta of 0.41. The company has a current ratio of 2.06, a quick ratio of 1.11 and a debt-to-equity ratio of 0.06.

Expion360 (NASDAQ:XPON) last announced its earnings results on Thursday, March 28th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.03). Expion360 had a negative return on equity of 97.59% and a negative net margin of 124.66%. The company had revenue of $0.86 million for the quarter, compared to the consensus estimate of $0.98 million. As a group, sell-side analysts predict that Expion360 will post -1.07 EPS for the current 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.