Expion360 Inc. (NASDAQ:XPON) Sees Large Decrease in Short Interest

Expion360 Inc. (NASDAQ:XPON) saw a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 500,633 shares, a decrease of 22.4% from the February 26th total of 645,333 shares. Approximately 4.7% of the company’s stock are sold short. Based on an average daily volume of 193,661 shares, the short-interest ratio is currently 2.6 days.

Institutional Investors Weigh In On Expion360

An institutional investor recently raised its position in Expion360 stock. Geode Capital Management LLC raised its holdings in shares of Expion360 Inc. (NASDAQ:XPON) by 207.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 68,639 shares of the company’s stock after purchasing an additional 46,339 shares during the quarter. Geode Capital Management LLC owned approximately 0.71% of Expion360 worth $47,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 34.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on XPON. Wall Street Zen downgraded shares of Expion360 from a “hold” rating to a “strong sell” rating in a research report on Saturday, March 21st. Weiss Ratings reissued 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, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Expion360 Price Performance

Expion360 stock opened at $0.56 on Monday. The business’s 50 day simple moving average is $0.74 and its 200 day simple moving average is $1.03. Expion360 has a 12 month low of $0.54 and a 12 month high of $5.50. The company has a market cap of $6.07 million, a price-to-earnings ratio of -0.41 and a beta of 0.29. The company has a current ratio of 7.07, a quick ratio of 4.20 and a debt-to-equity ratio of 0.03.

Expion360 (NASDAQ:XPON) last released its earnings results on Tuesday, March 17th. The company reported ($0.70) earnings per share (EPS) for the quarter. The firm had revenue of $2.22 million during the quarter. Expion360 had a negative return on equity of 119.83% and a negative net margin of 64.61%. Sell-side analysts forecast that Expion360 will post -21.69 EPS for the current year.

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.