Xos, Inc. (NASDAQ:XOS) Short Interest Update

Xos, Inc. (NASDAQ:XOS) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 731,889 shares, an increase of 98.5% from the April 30th total of 368,650 shares. Based on an average trading volume of 1,217,679 shares, the short-interest ratio is currently 0.6 days. Approximately 7.7% of the company’s shares are short sold.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of XOS in a research note on Monday, April 20th. Zacks Research lowered XOS from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 23rd. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, XOS has a consensus rating of “Hold” and an average target price of $7.00.

XOS Trading Up 174.0%

NASDAQ:XOS traded up $3.88 during mid-day trading on Wednesday, reaching $6.11. 72,871,822 shares of the company’s stock traded hands, compared to its average volume of 1,036,210. XOS has a 12-month low of $1.60 and a 12-month high of $7.13. The firm has a market capitalization of $74.07 million, a price-to-earnings ratio of -3.09 and a beta of 1.81. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.89 and a quick ratio of 0.90. The company has a 50 day moving average price of $1.88 and a 200-day moving average price of $2.09.

XOS (NASDAQ:XOS) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.43) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.29. XOS had a negative return on equity of 86.90% and a negative net margin of 39.13%.The company had revenue of $11.23 million for the quarter, compared to the consensus estimate of $6.23 million. On average, sell-side analysts predict that XOS will post -2.42 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of XOS. Two Sigma Investments LP purchased a new position in XOS during the 3rd quarter valued at about $331,000. Citadel Advisors LLC purchased a new position in shares of XOS during the 3rd quarter worth approximately $27,000. Geode Capital Management LLC grew its holdings in shares of XOS by 29.9% during the 4th quarter. Geode Capital Management LLC now owns 71,145 shares of the company’s stock worth $129,000 after acquiring an additional 16,357 shares during the period. Finally, DRW Securities LLC purchased a new position in shares of XOS during the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 12.86% of the company’s stock.

XOS Company Profile

Xos, Inc (NASDAQ: XOS) is a U.S.-based manufacturer of commercial electric vehicles, offering Class 5 through Class 8 electric trucks, chassis and proprietary battery systems. The company’s core business spans vehicle design, powertrain integration, battery management and telematics, aimed at supporting last-mile delivery, beverage distribution and vocational fleets. Xos combines modular vehicle architectures with advanced software to deliver route-optimized performance and zero-emission operation for commercial customers.

Founded in 2016 as a spin-off from a specialty vehicle division, Xos designs, engineers and assembles its electric trucks at a manufacturing facility in Morristown, Tennessee, while maintaining research and development operations in California.