Short Interest in Expion360 Inc. (NASDAQ:XPON) Decreases By 77.6%

Expion360 Inc. (NASDAQ:XPON) was the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 25,723 shares, a decrease of 77.6% from the July 15th total of 114,583 shares. Based on an average trading volume of 32,603 shares, the days-to-cover ratio is presently 0.8 days. Currently, 2.7% of the company’s stock are sold short.

Expion360 Price Performance

XPON traded up $0.06 during trading on Friday, reaching $3.69. The stock had a trading volume of 1,230 shares, compared to its average volume of 49,484. The stock has a 50 day moving average of $4.57 and a two-hundred day moving average of $6.84. The company has a quick ratio of 4.07, a current ratio of 6.44 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $3.54 million, a price-to-earnings ratio of -0.34 and a beta of 0.53. Expion360 has a 1-year low of $2.77 and a 1-year high of $26.52.

Expion360 (NASDAQ:XPON) last posted its quarterly earnings data on Friday, August 7th. The company reported ($1.34) earnings per share for the quarter. The business had revenue of $2.03 million for the quarter. Expion360 had a negative net margin of 82.32% and a negative return on equity of 93.86%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Expion360 in a report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Expion360 stock. Geode Capital Management LLC raised its position in Expion360 Inc. (NASDAQ:XPON) by 207.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,639 shares of the company’s stock after purchasing an additional 46,339 shares during the quarter. Geode Capital Management LLC owned approximately 0.71% of Expion360 worth $47,000 at the end of the most recent quarter. Institutional investors own 34.50% of the company’s stock.

About Expion360

Expion360, trading under the ticker XPON on the NASDAQ, is a cybersecurity software company that operates through its Leviathan Security Group division. The company’s flagship offering, the Leviathan Platform, delivers a unified risk management solution designed to help organizations identify, assess and remediate cybersecurity vulnerabilities. By consolidating compliance management, threat detection and data protection into a single platform, Expion360 enables enterprises to streamline security workflows and maintain continuous visibility into their cyber risk posture.

The Leviathan Platform encompasses modules for vulnerability scanning, automated compliance mapping to frameworks such as NIST, HIPAA and PCI DSS, real-time threat intelligence and incident response orchestration.