Xos, Inc. (NASDAQ:XOS) Short Interest Up 22.3% in January

Xos, Inc. (NASDAQ:XOS) saw a large increase in short interest in January. As of January 15th, there was short interest totalling 381,400 shares, an increase of 22.3% from the December 31st total of 311,900 shares. Based on an average trading volume of 31,700 shares, the days-to-cover ratio is presently 12.0 days. Approximately 13.9% of the shares of the stock are short sold.

Insider Buying and Selling

In other XOS news, General Counsel Christen T. Romero sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $4.00, for a total transaction of $80,000.00. Following the completion of the sale, the general counsel now directly owns 207,642 shares in the company, valued at approximately $830,568. The trade was a 8.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Liana Pogosyan sold 7,418 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $3.87, for a total value of $28,707.66. Following the completion of the transaction, the chief financial officer now owns 61,570 shares in the company, valued at approximately $238,275.90. This trade represents a 10.75 % decrease in their position. The disclosure for this sale can be found here. 39.50% of the stock is owned by insiders.

XOS Price Performance

Shares of XOS opened at $3.09 on Friday. The firm has a 50-day simple moving average of $3.47 and a two-hundred day simple moving average of $4.45. XOS has a 1-year low of $2.92 and a 1-year high of $14.86. The stock has a market cap of $24.81 million, a PE ratio of -0.46 and a beta of 1.81.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on XOS. Roth Mkm initiated coverage on shares of XOS in a research report on Wednesday, October 23rd. They issued a “buy” rating and a $15.00 target price for the company. Northland Securities reiterated a “market perform” rating and issued a $5.00 price objective (down previously from $9.00) on shares of XOS in a report on Monday, November 25th. Roth Capital upgraded XOS to a “strong-buy” rating in a report on Wednesday, October 23rd. Finally, Northland Capmk cut XOS from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, XOS currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.25.

About XOS

Xos, Inc is an electric mobility company engaged in manufacturing electric trucks. The firm designs and develops fully electric battery mobility systems specifically for commercial fleets. The company was founded by Dakota Semler and Giordano Sordoni on July 29, 2020 and is headquartered in Los Angeles, CA.