Short Interest in Expion360 Inc. (NASDAQ:XPON) Declines By 14.0%

Expion360 Inc. (NASDAQ:XPON) was the target of a significant decrease in short interest in the month of February. As of February 27th, there was short interest totaling 645,333 shares, a decrease of 14.0% from the February 12th total of 750,722 shares. Approximately 6.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 188,216 shares, the days-to-cover ratio is currently 3.4 days. Based on an average daily trading volume, of 188,216 shares, the days-to-cover ratio is currently 3.4 days. Approximately 6.8% of the shares of the stock are short sold.

Expion360 Price Performance

NASDAQ XPON opened at $0.61 on Thursday. Expion360 has a 1 year low of $0.58 and a 1 year high of $5.50. The business’s fifty day moving average is $0.78 and its two-hundred day moving average is $1.07. The stock has a market capitalization of $5.92 million, a P/E ratio of -0.44 and a beta of 0.28. 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 (NASDAQ:XPON) last released its quarterly earnings data on Tuesday, March 17th. The company reported ($0.70) earnings per share for the quarter. The company had revenue of $2.22 million for the quarter. Expion360 had a negative return on equity of 131.02% and a negative net margin of 64.61%. On average, research analysts forecast that Expion360 will post -21.69 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Expion360

An institutional investor recently raised its position in Expion360 stock. Geode Capital Management LLC boosted its stake in shares of Expion360 Inc. (NASDAQ:XPON) by 207.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 68,639 shares of the company’s stock after buying an additional 46,339 shares during the period. Geode Capital Management LLC owned about 0.71% of Expion360 worth $47,000 at the end of the most recent reporting period. 34.50% of the stock is owned by 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.