Xos, Inc. (NASDAQ:XOS) Short Interest Update

Xos, Inc. (NASDAQ:XOS) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 381,400 shares, a growth of 22.3% from the December 31st total of 311,900 shares. Based on an average trading volume of 31,700 shares, the short-interest ratio is presently 12.0 days. Approximately 13.9% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Northland Securities restated a “market perform” rating and issued a $5.00 price target (down from $9.00) on shares of XOS in a report on Monday, November 25th. Roth Capital upgraded shares of XOS to a “strong-buy” rating in a report on Wednesday, October 23rd. Roth Mkm began coverage on shares of XOS in a report on Wednesday, October 23rd. They issued a “buy” rating and a $15.00 price target for the company. Finally, Northland Capmk lowered shares of XOS from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $10.25.

Insider Buying and Selling at XOS

In other news, CFO Liana Pogosyan sold 7,418 shares of XOS stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $3.87, for a total transaction of $28,707.66. Following the transaction, the chief financial officer now directly owns 61,570 shares of the company’s stock, valued at $238,275.90. This trade represents a 10.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Christen T. Romero sold 20,000 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $4.00, for a total transaction of $80,000.00. Following the completion of the sale, the general counsel now owns 207,642 shares of the company’s stock, valued at approximately $830,568. This represents a 8.79 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 39.50% of the company’s stock.

XOS Stock Up 2.7 %

NASDAQ:XOS opened at $3.09 on Monday. The company has a market cap of $24.81 million, a P/E ratio of -0.46 and a beta of 1.81. XOS has a twelve month low of $2.92 and a twelve month high of $14.86. The business has a 50 day moving average price of $3.47 and a two-hundred day moving average price of $4.45.

XOS Company Profile

Xos, Inc is an electric mobility company engaged in manufacturing electric trucks. The firm designs and develops fully electric battery mobility systems specifically for commercial fleets. The company was founded by Dakota Semler and Giordano Sordoni on July 29, 2020 and is headquartered in Los Angeles, CA.