Expion360 Inc. (NASDAQ:XPON) Short Interest Update

Expion360 Inc. (NASDAQ:XPON) was the target of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 166,089 shares, a decrease of 38.2% from the August 31st total of 268,909 shares. Currently, 16.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 178,927 shares, the short-interest ratio is presently 0.9 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed 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 MarketBeat, the company presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Expion360

A hedge fund recently raised its stake in Expion360 stock. Kingsbury Capital Investment Advisors LLC boosted its stake in shares of Expion360 Inc. (NASDAQ:XPON) by 399.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 15.82% of Expion360 worth $68,000 as of its most recent SEC filing. 34.50% of the stock is owned by hedge funds and other institutional investors.

Expion360 Stock Performance

Shares of Expion360 stock opened at $4.30 on Friday. The business’s 50 day moving average price is $4.72 and its 200 day moving average price is $5.92. The company has a market cap of $4.34 million, a price-to-earnings ratio of -0.41 and a beta of 0.71. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.41 and a current ratio of 5.55. Expion360 has a one year low of $2.77 and a one year high of $21.60.

Expion360 (NASDAQ:XPON) last posted its earnings results on Friday, August 7th. The company reported ($1.34) earnings per share for the quarter. The firm 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%.

Expion360 Company Profile

Expion360, Inc develops and sells lithium-ion battery systems and related power-management products. The company focuses primarily on lithium iron phosphate (LiFePO4) batteries designed to provide portable and auxiliary power for recreational vehicles, marine applications, and other outdoor and mobile uses.

Its product offerings include the e360 line of lithium battery systems, battery enclosures, monitoring and management components, chargers, and related accessories. Expion360 emphasizes solutions intended to replace or supplement traditional lead-acid batteries, offering applications such as onboard power storage, off-grid electricity, and recreational power management.

Founded in 2016 and headquartered in Redmond, Oregon, Expion360 markets its products through recreational-vehicle and marine channels, dealers, distributors, and direct sales.