Short Interest in Expion360 Inc. (NASDAQ:XPON) Increases By 665.7%

Expion360 Inc. (NASDAQ:XPON) saw a significant increase in short interest in January. As of January 30th, there was short interest totaling 2,085,024 shares, an increase of 665.7% from the January 15th total of 272,296 shares. Currently, 21.9% of the shares of the company are sold short. Based on an average daily volume of 5,938,950 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 5,938,950 shares, the days-to-cover ratio is presently 0.4 days. Currently, 21.9% of the shares of the company are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Expion360 in a report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Expion360 Price Performance

NASDAQ XPON traded up $0.01 on Tuesday, hitting $0.83. The stock had a trading volume of 309,076 shares, compared to its average volume of 3,209,723. The firm has a 50-day moving average of $0.90 and a 200-day moving average of $1.20. The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.69 and a current ratio of 9.18. Expion360 has a 52-week low of $0.60 and a 52-week high of $5.50. The company has a market capitalization of $8.02 million, a price-to-earnings ratio of -1.22 and a beta of 0.26.

Expion360 (NASDAQ:XPON) last released its quarterly earnings results on Thursday, November 13th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of ($0.54) by $0.64. Expion360 had a negative net margin of 21.76% and a negative return on equity of 48.80%. The firm had revenue of $2.39 million for the quarter, compared to analysts’ expectations of $2.68 million. Equities analysts expect that Expion360 will post -21.69 EPS for the current year.

Institutional Trading of Expion360

A hedge fund recently raised its stake in Expion360 stock. Geode Capital Management LLC grew its holdings in shares of Expion360 Inc. (NASDAQ:XPON) by 207.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 68,639 shares of the company’s stock after acquiring an additional 46,339 shares during the quarter. Geode Capital Management LLC owned about 0.71% of Expion360 worth $47,000 at the end of the most recent quarter. 34.50% of the stock is currently owned by hedge funds and other institutional investors.

Expion360 Company Profile

Expion360, trading under the ticker XPON on the NASDAQ, is a cybersecurity software company that operates through its Leviathan Security Group division. The company’s flagship offering, the Leviathan Platform, delivers a unified risk management solution designed to help organizations identify, assess and remediate cybersecurity vulnerabilities. By consolidating compliance management, threat detection and data protection into a single platform, Expion360 enables enterprises to streamline security workflows and maintain continuous visibility into their cyber risk posture.

The Leviathan Platform encompasses modules for vulnerability scanning, automated compliance mapping to frameworks such as NIST, HIPAA and PCI DSS, real-time threat intelligence and incident response orchestration.