Exro Technologies Inc. (OTCMKTS:EXROF) Short Interest Up 181.5% in October

Exro Technologies Inc. (OTCMKTS:EXROF) was the target of a large growth in short interest in October. As of October 15th, there was short interest totalling 3,600,500 shares, a growth of 181.5% from the September 30th total of 1,279,000 shares. Based on an average daily volume of 485,000 shares, the days-to-cover ratio is currently 7.4 days.

Exro Technologies Trading Down 6.6 %

EXROF opened at $0.11 on Friday. The company has a market cap of $37.10 million and a P/E ratio of -0.44. Exro Technologies has a 1-year low of $0.10 and a 1-year high of $1.40. The company has a current ratio of 0.33, a quick ratio of 0.06 and a debt-to-equity ratio of 0.07. The company’s 50 day moving average is $0.21 and its 200-day moving average is $0.36.

Exro Technologies (OTCMKTS:EXROF) last announced its earnings results on Wednesday, August 14th. The company reported ($0.04) EPS for the quarter, meeting the consensus estimate of ($0.04). Exro Technologies had a negative return on equity of 77.42% and a negative net margin of 711.32%. The business had revenue of $3.85 million for the quarter, compared to analysts’ expectations of $16.75 million. Equities research analysts predict that Exro Technologies will post -0.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, National Bank Financial cut Exro Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 15th.

About Exro Technologies

Exro Technologies Inc focuses on developing generation power-control electronics in Canada. The company offers Exro Coil Driver, which allows the motor to switch between different operational profiles in real-time, as well as have multiple gears for scooters, electric bikes, recreational, light electric cars, motorcycles, fleet vans, electric buses, passenger vehicles, long-haul trucks, and industrial vehicles markets; and Exro Cell Driver, a stationary energy storage system for commercial and industrial energy storage applications.