Expion360 Inc. (NASDAQ:XPON) Short Interest Down 50.2% in May

Expion360 Inc. (NASDAQ:XPON) was the recipient of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 98,107 shares, a drop of 50.2% from the May 14th total of 197,127 shares. Currently, 0.9% of the company’s stock are short sold. Based on an average daily trading volume, of 188,561 shares, the short-interest ratio is currently 0.5 days.

Analysts Set New Price Targets

A number of research firms recently commented on XPON. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Expion360 in a research report on Monday, April 20th. Wall Street Zen downgraded shares of Expion360 from a “hold” rating to a “strong sell” rating in a research report on Saturday, March 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Expion360 has an average rating of “Sell”.

Institutional Trading of Expion360

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

Expion360 Stock Performance

Shares of XPON stock traded down $0.01 during mid-day trading on Friday, hitting $0.50. The stock had a trading volume of 69,391 shares, compared to its average volume of 170,232. Expion360 has a fifty-two week low of $0.45 and a fifty-two week high of $5.50. The firm has a market cap of $5.76 million, a PE ratio of -0.43 and a beta of 0.47. The company has a debt-to-equity ratio of 0.03, a current ratio of 6.44 and a quick ratio of 4.07. The company’s 50-day simple moving average is $0.62 and its 200-day simple moving average is $0.76.

Expion360 (NASDAQ:XPON) last released its earnings results on Friday, May 15th. The company reported ($0.17) EPS for the quarter. Expion360 had a negative return on equity of 115.70% and a negative net margin of 74.66%.The firm had revenue of $1.57 million during the quarter.

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.