Expion360 Inc. (NASDAQ:XPON) Short Interest Update

Expion360 Inc. (NASDAQ:XPON) was the target of a large decline in short interest in June. As of June 15th, there was short interest totalling 47,800 shares, a decline of 13.1% from the May 31st total of 55,000 shares. Based on an average daily trading volume, of 321,200 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.9% of the shares of the stock are sold short.

Expion360 Stock Down 4.8 %

Shares of Expion360 stock opened at $1.00 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.65 and a quick ratio of 0.71. The company has a market capitalization of $7.45 million, a P/E ratio of -0.92 and a beta of 0.51. The business has a 50-day moving average of $1.69 and a two-hundred day moving average of $3.13. Expion360 has a 1 year low of $1.00 and a 1 year high of $6.39.

Expion360 (NASDAQ:XPON) last released its quarterly earnings data on Tuesday, May 14th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.03). The business had revenue of $0.97 million during the quarter, compared to analyst estimates of $1.12 million. Expion360 had a negative net margin of 140.87% and a negative return on equity of 126.26%. During the same period in the previous year, the business earned ($0.29) earnings per share. As a group, equities analysts predict that Expion360 will post -1.02 EPS for the current year.

Insider Activity at Expion360

In other news, major shareholder John Henry Yozamp sold 29,727 shares of the company’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $1.57, for a total transaction of $46,671.39. Following the transaction, the insider now owns 1,692,182 shares of the company’s stock, valued at $2,656,725.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 30.90% of the stock is owned by insiders.

About Expion360

Expion360 Inc designs, assembles, manufactures, and sells lithium iron phosphate batteries and supporting accessories under the VPR 4EVER name for recreational vehicles, marine, golf, industrial, residential, and off-the-grid applications. It provides battery monitors; direct current battery chargers; various models of industrial tie-downs; power generators AURA POWERCAP; terminal blocks; and bus bars.