Short Interest in Expion360 Inc. (NASDAQ:XPON) Drops By 22.4%

Expion360 Inc. (NASDAQ:XPON) saw a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 500,633 shares, a decline of 22.4% from the February 26th total of 645,333 shares. Based on an average daily trading volume, of 193,661 shares, the days-to-cover ratio is currently 2.6 days. Currently, 4.7% of the company’s shares are short sold.

Expion360 Trading Up 13.8%

Shares of Expion360 stock traded up $0.07 during midday trading on Tuesday, reaching $0.56. 220,077 shares of the company’s stock traded hands, compared to its average volume of 1,206,312. The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.20 and a current ratio of 7.07. The company has a market cap of $6.11 million, a PE ratio of -0.41 and a beta of 0.29. The stock has a 50 day moving average of $0.73 and a 200-day moving average of $1.03. Expion360 has a 12 month low of $0.49 and a 12 month high of $5.50.

Expion360 (NASDAQ:XPON) last released its quarterly earnings results on Tuesday, March 17th. The company reported ($0.70) earnings per share for the quarter. The company had revenue of $2.22 million during the quarter. Expion360 had a negative net margin of 64.61% and a negative return on equity of 119.83%. As a group, equities analysts expect that Expion360 will post -21.69 EPS for the current fiscal year.

Hedge Funds Weigh In On Expion360

A hedge fund recently raised its stake in Expion360 stock. Geode Capital Management LLC raised its position in shares of Expion360 Inc. (NASDAQ:XPON) by 207.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 68,639 shares of the company’s stock after acquiring an additional 46,339 shares during the quarter. Geode Capital Management LLC owned approximately 0.71% of Expion360 worth $47,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 34.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on XPON shares. Wall Street Zen cut shares of Expion360 from a “hold” rating to a “strong sell” rating in a research report on Saturday, March 21st. Weiss Ratings restated a “sell (e+)” rating on shares of Expion360 in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Expion360 has an average rating of “Sell”.

About Expion360

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.