Short Interest in Xos, Inc. (NASDAQ:XOS) Grows By 27.1%

Xos, Inc. (NASDAQ:XOS) was the target of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 567,700 shares, a growth of 27.1% from the February 13th total of 446,800 shares. Approximately 20.6% of the shares of the company are short sold. Based on an average trading volume of 1,590,000 shares, the days-to-cover ratio is presently 0.4 days.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on XOS. Northland Securities restated a “market perform” rating and issued a $5.00 price target (down from $9.00) on shares of XOS in a research report on Monday, November 25th. Northland Capmk downgraded XOS from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 25th. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, XOS currently has a consensus rating of “Moderate Buy” and an average target price of $10.25.

XOS Stock Performance

Shares of XOS stock opened at $3.83 on Monday. The firm has a fifty day moving average of $3.61 and a 200-day moving average of $4.06. The stock has a market cap of $30.75 million, a price-to-earnings ratio of -0.57 and a beta of 1.67. XOS has a 52-week low of $2.92 and a 52-week high of $13.18.

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.