Short Interest in Expion360 Inc. (NASDAQ:XPON) Decreases By 84.1%

Expion360 Inc. (NASDAQ:XPON) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totalling 104,300 shares, a decline of 84.1% from the September 15th total of 655,200 shares. Based on an average daily volume of 640,400 shares, the days-to-cover ratio is presently 0.2 days. Currently, 21.2% of the company’s shares are short sold.

Expion360 Price Performance

Expion360 stock opened at $2.30 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.54 and a current ratio of 1.37. Expion360 has a 1 year low of $2.13 and a 1 year high of $639.00. The company’s 50-day moving average is $0.18 and its two-hundred day moving average is $1.13.

Expion360 (NASDAQ:XPON) last posted its quarterly earnings results on Wednesday, August 14th. The company reported ($0.26) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.01. Expion360 had a negative net margin of 168.29% and a negative return on equity of 176.38%. The business had revenue of $1.28 million during the quarter, compared to the consensus estimate of $1.36 million. As a group, research analysts expect that Expion360 will post -30 earnings per share for the current year.

About Expion360

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.