Xos, Inc. (NASDAQ:XOS) Short Interest Up 18.9% in January

Xos, Inc. (NASDAQ:XOS) saw a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 452,700 shares, a growth of 18.9% from the January 15th total of 380,800 shares. Based on an average trading volume of 31,900 shares, the days-to-cover ratio is currently 14.2 days. Currently, 16.5% of the shares of the stock are short sold.

Insider Buying and Selling at XOS

In other XOS news, CFO Liana Pogosyan sold 7,418 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $3.87, for a total transaction of $28,707.66. Following the completion of the sale, the chief financial officer now directly owns 61,570 shares of the company’s stock, valued at approximately $238,275.90. This represents a 10.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Christen T. Romero sold 20,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $4.00, for a total transaction of $80,000.00. Following the sale, the general counsel now directly owns 207,642 shares of the company’s stock, valued at $830,568. This represents a 8.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 39.50% of the stock is owned by corporate insiders.

XOS Price Performance

NASDAQ XOS opened at $3.09 on Friday. The company has a 50 day simple moving average of $3.29 and a 200-day simple moving average of $4.26. XOS has a 52-week low of $2.92 and a 52-week high of $14.86.

Wall Street Analysts Forecast Growth

A number of research firms have commented on XOS. Northland Capmk lowered shares of XOS from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 25th. Roth Capital raised shares of XOS to a “strong-buy” rating in a research note on Wednesday, October 23rd. Roth Mkm initiated coverage on shares of XOS in a research report on Wednesday, October 23rd. They issued a “buy” rating and a $15.00 price target for the company. Finally, Northland Securities reissued a “market perform” rating and issued a $5.00 price target (down from $9.00) on shares of XOS in a research report on Monday, November 25th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $10.25.

About XOS

Xos, Inc is an electric mobility company engaged in manufacturing electric trucks. The firm designs and develops fully electric battery mobility systems specifically for commercial fleets. The company was founded by Dakota Semler and Giordano Sordoni on July 29, 2020 and is headquartered in Los Angeles, CA.