Expion360 Inc. (NASDAQ:XPON) Short Interest Update

Expion360 Inc. (NASDAQ:XPON) was the target of a large increase in short interest in July. As of July 31st, there was short interest totalling 187,600 shares, an increase of 283.6% from the July 15th total of 48,900 shares. Based on an average daily volume of 4,930,000 shares, the days-to-cover ratio is presently 0.0 days. Currently, 3.6% of the company’s stock are short sold.

Insider Buying and Selling

In related news, major shareholder John Henry Yozamp sold 29,727 shares of the firm’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $1.57, for a total transaction of $46,671.39. Following the sale, the insider now directly owns 1,692,182 shares in the company, valued at $2,656,725.74. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 30.90% of the stock is owned by company insiders.

Expion360 Stock Down 9.0 %

Shares of XPON traded down $0.01 during mid-day trading on Monday, hitting $0.08. 13,919,828 shares of the company’s stock were exchanged, compared to its average volume of 2,312,340. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.65 and a quick ratio of 0.71. Expion360 has a 52 week low of $0.07 and a 52 week high of $6.39. The company has a market cap of $600,470.00, a PE ratio of -0.07 and a beta of 0.37. The company has a 50-day simple moving average of $0.88 and a 200 day simple moving average of $2.21.

Expion360 (NASDAQ:XPON) last issued its quarterly earnings results on Tuesday, May 14th. The company reported ($0.31) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.03). The business had revenue of $0.97 million for the quarter, compared to the consensus estimate of $1.12 million. Expion360 had a negative return on equity of 126.26% and a negative net margin of 140.87%. During the same period last year, the firm earned ($0.29) earnings per share. On average, research analysts forecast that Expion360 will post -1.02 earnings per share for the current fiscal year.

Expion360 Company Profile

Expion360 Inc designs, assembles, manufactures, and sells lithium iron phosphate batteries and supporting accessories under the VPR 4EVER name for recreational vehicles, marine, golf, industrial, residential, and off-the-grid applications. It provides battery monitors; direct current battery chargers; various models of industrial tie-downs; power generators AURA POWERCAP; terminal blocks; and bus bars.