Short Interest in Expion360 Inc. (NASDAQ:XPON) Expands By 1,249.2%

Expion360 Inc. (NASDAQ:XPON) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 268,909 shares, a growth of 1,249.2% from the August 15th total of 19,931 shares. Approximately 28.4% of the company’s shares are short sold. Based on an average daily volume of 13,375,106 shares, the short-interest ratio is presently 0.0 days.

Expion360 Stock Performance

NASDAQ:XPON opened at $5.19 on Friday. Expion360 has a 52 week low of $2.77 and a 52 week high of $24.60. The company has a fifty day simple moving average of $4.56 and a two-hundred day simple moving average of $6.30. The company has a quick ratio of 3.41, a current ratio of 5.55 and a debt-to-equity ratio of 0.03. The company has a market cap of $4.98 million, a price-to-earnings ratio of -0.49 and a beta of 0.66.

Expion360 (NASDAQ:XPON) last announced its quarterly earnings data on Friday, August 7th. The company reported ($1.34) earnings per share (EPS) for the quarter. The company had revenue of $2.03 million during the quarter. Expion360 had a negative net margin of 82.32% and a negative return on equity of 102.32%.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Expion360

An institutional investor recently raised its position in Expion360 stock. Kingsbury Capital Investment Advisors LLC lifted its stake in shares of Expion360 Inc. (NASDAQ:XPON) by 399.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 152,152 shares of the company’s stock after buying an additional 121,692 shares during the quarter. Kingsbury Capital Investment Advisors LLC owned approximately 15.82% of Expion360 worth $68,000 at the end of the most recent reporting period. 34.50% of the stock is owned by hedge funds and other institutional investors.

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.