Exro Technologies Inc. (OTCMKTS:EXROF) Sees Significant Decline in Short Interest

Exro Technologies Inc. (OTCMKTS:EXROFGet Free Report) was the target of a large decline in short interest during the month of December. As of December 31st, there was short interest totalling 1,706,100 shares, a decline of 5.5% from the December 15th total of 1,805,100 shares. Based on an average daily volume of 551,200 shares, the days-to-cover ratio is presently 3.1 days.

Exro Technologies Stock Down 3.6 %

Shares of EXROF opened at $0.08 on Friday. Exro Technologies has a 52 week low of $0.08 and a 52 week high of $0.90. The company has a quick ratio of 0.54, a current ratio of 1.19 and a debt-to-equity ratio of 2.22. The company has a market capitalization of $45.12 million, a price-to-earnings ratio of -0.17 and a beta of 2.54. The stock’s 50-day moving average price is $0.11 and its 200-day moving average price is $0.21.

Analysts Set New Price Targets

Separately, Maxim Group downgraded Exro Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th.

Read Our Latest Stock Analysis on EXROF

About Exro Technologies

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Exro Technologies Inc focuses on developing generation power-control electronics in Canada. The company offers Exro Coil Driver, which allows the motor to switch between different operational profiles in real-time, as well as have multiple gears for scooters, electric bikes, recreational, light electric cars, motorcycles, fleet vans, electric buses, passenger vehicles, long-haul trucks, and industrial vehicles markets; and Exro Cell Driver, a stationary energy storage system for commercial and industrial energy storage applications.

Further Reading

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