Exro Technologies Inc. (OTCMKTS:EXROF) Sees Large Growth in Short Interest

Exro Technologies Inc. (OTCMKTS:EXROF) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 1,805,100 shares, an increase of 21.6% from the November 30th total of 1,484,600 shares. Based on an average daily trading volume, of 808,500 shares, the short-interest ratio is presently 2.2 days.

Exro Technologies Stock Performance

OTCMKTS EXROF traded down $0.00 during trading hours on Tuesday, reaching $0.09. The company’s stock had a trading volume of 307,193 shares, compared to its average volume of 186,563. The company has a current ratio of 1.19, a quick ratio of 0.54 and a debt-to-equity ratio of 2.22. The business has a 50-day simple moving average of $0.11 and a 200 day simple moving average of $0.24. Exro Technologies has a 52 week low of $0.08 and a 52 week high of $1.01. The stock has a market cap of $42.30 million, a PE ratio of -0.17 and a beta of 3.25.

Wall Street Analyst Weigh In

Separately, Maxim Group downgraded shares of Exro Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th.

About Exro Technologies

Exro Technologies Inc focuses on developing generation power-control electronics in Canada. The company offers Exro Coil Driver, which allows the motor to switch between different operational profiles in real-time, as well as have multiple gears for scooters, electric bikes, recreational, light electric cars, motorcycles, fleet vans, electric buses, passenger vehicles, long-haul trucks, and industrial vehicles markets; and Exro Cell Driver, a stationary energy storage system for commercial and industrial energy storage applications.