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

Exro Technologies Inc. (OTCMKTS:EXROF) was the target of a significant decline in short interest in January. As of January 15th, there was short interest totalling 1,706,100 shares, a decline of 5.5% from the December 31st total of 1,805,100 shares. Based on an average trading volume of 551,200 shares, the short-interest ratio is presently 3.1 days.

Analysts Set New Price Targets

Separately, Maxim Group cut shares of Exro Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th.

Exro Technologies Stock Performance

OTCMKTS EXROF traded up $0.00 on Monday, hitting $0.08. 101,877 shares of the company’s stock were exchanged, compared to its average volume of 176,992. The firm has a market cap of $42.78 million, a price-to-earnings ratio of -0.16 and a beta of 2.54. The firm’s 50-day moving average price is $0.09 and its two-hundred day moving average price is $0.18. Exro Technologies has a fifty-two week low of $0.08 and a fifty-two week high of $0.77. The company has a debt-to-equity ratio of 2.22, a current ratio of 1.19 and a quick ratio of 0.54.

About Exro Technologies

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.