Xos, Inc. (NASDAQ:XOS) Short Interest Up 24.8% in March

Xos, Inc. (NASDAQ:XOS) was the recipient of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 535,200 shares, an increase of 24.8% from the March 15th total of 428,700 shares. Approximately 19.2% of the company’s stock are sold short. Based on an average daily trading volume, of 1,620,000 shares, the days-to-cover ratio is presently 0.3 days.

XOS Price Performance

Shares of NASDAQ XOS opened at $3.43 on Tuesday. XOS has a one year low of $2.73 and a one year high of $9.22. The business’s 50-day moving average price is $3.71 and its two-hundred day moving average price is $3.79. The company has a market capitalization of $27.79 million, a P/E ratio of -0.51 and a beta of 1.78.

XOS (NASDAQ:XOS) last released its quarterly earnings data on Friday, March 28th. The company reported ($2.36) EPS for the quarter, missing analysts’ consensus estimates of ($1.13) by ($1.23). XOS had a negative return on equity of 80.70% and a negative net margin of 71.59%. The firm had revenue of $11.47 million during the quarter, compared to analyst estimates of $20.89 million. On average, equities analysts anticipate that XOS will post -5.37 EPS for the current year.

XOS Company Profile

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.