Xos, Inc. (NASDAQ:XOS) Sees Significant Growth in Short Interest

Xos, Inc. (NASDAQ:XOS) saw a large increase in short interest in August. As of August 15th, there was short interest totalling 228,700 shares, an increase of 27.6% from the July 31st total of 179,300 shares. Currently, 8.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 14,700 shares, the days-to-cover ratio is currently 15.6 days.

XOS Stock Down 1.9 %

Shares of NASDAQ XOS traded down $0.10 during midday trading on Friday, reaching $5.08. The company’s stock had a trading volume of 194 shares, compared to its average volume of 16,137. The company has a current ratio of 5.06, a quick ratio of 3.42 and a debt-to-equity ratio of 0.29. XOS has a fifty-two week low of $4.80 and a fifty-two week high of $15.00. The stock has a market capitalization of $39.99 million, a price-to-earnings ratio of -0.48 and a beta of 1.86. The stock has a 50 day simple moving average of $6.02 and a 200-day simple moving average of $7.84.

Analyst Ratings Changes

XOS has been the topic of several analyst reports. DA Davidson lowered shares of XOS from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $17.00 to $9.00 in a report on Friday, August 16th. Northland Securities reissued an “outperform” rating and set a $9.00 price objective (down previously from $16.00) on shares of XOS in a report on Thursday, August 15th. Finally, Wedbush decreased their price objective on shares of XOS from $15.00 to $12.00 and set an “outperform” rating on the stock in a report on Thursday, August 15th.

About XOS

Xos, Inc designs, manufactures, and sells battery-electric commercial vehicles. The company provides class 5-6 medium duty rolling chassis, such as commercial stepvans and armored trucks; class 7-8 heavy duty chassis; and Xos product development. It offers Xos provides mix-use powertrain solutions for off-highway, industrial and other commercial equipment, and specialty vehicles, such as school buses, medical and dental clinics, blood donation vehicles, and mobile command vehicles.