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

Expion360 Inc. (NASDAQ:XPON) was the recipient of a large decrease in short interest in July. As of July 31st, there was short interest totaling 25,723 shares, a decrease of 77.6% from the July 15th total of 114,583 shares. Approximately 2.7% of the shares of the company are sold short. Based on an average daily volume of 32,603 shares, the short-interest ratio is currently 0.8 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Expion360 in a research report on Friday, July 17th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Expion360 presently has an average rating of “Sell”.

Institutional Investors Weigh In On Expion360

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

Expion360 Price Performance

NASDAQ XPON opened at $3.64 on Friday. The company has a current ratio of 5.55, a quick ratio of 4.07 and a debt-to-equity ratio of 0.03. Expion360 has a 12 month low of $2.77 and a 12 month high of $26.52. The stock has a market cap of $3.49 million, a price-to-earnings ratio of -0.34 and a beta of 0.53. The company’s 50 day moving average is $4.52 and its two-hundred day moving average is $6.82.

Expion360 (NASDAQ:XPON) last posted its quarterly earnings results on Friday, August 7th. The company reported ($1.34) earnings per share for the quarter. The firm had revenue of $2.03 million during the quarter. Expion360 had a negative return on equity of 102.32% and a negative net margin of 82.32%.

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.