Exro Technologies Inc. (OTCMKTS:EXROF) Sees Significant Decrease in Short Interest
Exro Technologies Inc. (OTCMKTS:EXROF) saw a large drop in short interest in April. As of April 15th, there was short interest totalling 438,700 shares, a drop of 16.8% from the March 31st total of 527,100 shares. Based on an average trading volume of 456,900 shares, the days-to-cover ratio is presently 1.0 days.
Separately, Raymond James upgraded shares of Exro Technologies from an “outperform” rating to a “strong-buy” rating in a research note on Thursday, March 4th.
Exro Technologies stock traded down $0.07 during trading hours on Tuesday, hitting $3.70. The stock had a trading volume of 115,491 shares, compared to its average volume of 527,624. The stock has a 50-day simple moving average of $3.34. Exro Technologies has a 12-month low of $0.27 and a 12-month high of $5.94.
Exro Technologies Inc focuses on developing and commercializing Dynamic Power Management (DPM) technology and system architecture for rotating electrical machines. The company's DPM technology is a control system that integrates wiring of the rotating machine coils into the power electronics. Exro Technologies Inc is headquartered in Calgary, Canada.
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