Short Interest in Xos, Inc. (NASDAQ:XOS) Drops By 24.5%

Xos, Inc. (NASDAQ:XOS) saw a significant drop in short interest in March. As of March 15th, there was short interest totalling 428,700 shares, a drop of 24.5% from the February 28th total of 567,700 shares. Based on an average daily volume of 1,590,000 shares, the days-to-cover ratio is presently 0.3 days. Approximately 15.5% of the company’s shares are short sold.

XOS Stock Down 12.5 %

XOS opened at $3.01 on Tuesday. The stock has a market cap of $24.17 million, a P/E ratio of -0.45 and a beta of 1.67. XOS has a 12 month low of $2.91 and a 12 month high of $10.84. The company has a fifty day simple moving average of $3.67 and a 200 day simple moving average of $3.96.

XOS (NASDAQ:XOS) last released its quarterly earnings data on Friday, March 28th. The company reported ($2.36) earnings per share for the quarter, missing the consensus estimate of ($1.13) by ($1.23). The business had revenue of $11.47 million for the quarter, compared to the consensus estimate of $20.89 million. XOS had a negative net margin of 71.59% and a negative return on equity of 80.70%. On average, equities research analysts expect that XOS will post -5.37 earnings per share for the current fiscal year.

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.