Expion360 Inc. (NASDAQ:XPON) Sees Significant Decrease in Short Interest

Expion360 Inc. (NASDAQ:XPON) was the target of a significant drop in short interest in February. As of February 28th, there was short interest totalling 176,600 shares, a drop of 24.0% from the February 13th total of 232,300 shares. Currently, 5.7% of the shares of the company are sold short. Based on an average daily trading volume, of 662,700 shares, the days-to-cover ratio is presently 0.3 days.

Expion360 Stock Up 8.6 %

XPON stock opened at $1.00 on Tuesday. Expion360 has a twelve month low of $0.87 and a twelve month high of $349.00. The company has a market cap of $2.09 million, a PE ratio of -0.01 and a beta of -0.07. The business’s 50-day simple moving average is $1.40 and its 200 day simple moving average is $2.93. The company has a quick ratio of 0.80, a current ratio of 1.30 and a debt-to-equity ratio of 0.08.

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.