Expion360 Inc. (NASDAQ:XPON) Short Interest Down 50.2% in May

Expion360 Inc. (NASDAQ:XPON) was the recipient of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 98,107 shares, a drop of 50.2% from the May 14th total of 197,127 shares. Currently, 0.9% of the company’s shares are sold short. Based on an average daily trading volume, of 188,561 shares, the days-to-cover ratio is presently 0.5 days.

Expion360 Stock Performance

Shares of XPON opened at $0.50 on Friday. The company has a 50-day simple moving average of $0.62 and a two-hundred day simple moving average of $0.76. The company has a debt-to-equity ratio of 0.03, a current ratio of 6.44 and a quick ratio of 4.07. The firm has a market capitalization of $5.76 million, a PE ratio of -0.43 and a beta of 0.47. Expion360 has a one year low of $0.45 and a one year high of $5.50.

Expion360 (NASDAQ:XPON) last posted its earnings results on Friday, May 15th. The company reported ($0.17) earnings per share for the quarter. Expion360 had a negative return on equity of 115.70% and a negative net margin of 74.66%.The firm had revenue of $1.57 million for the quarter.

Institutional Investors Weigh In On Expion360

A hedge fund recently raised its stake in Expion360 stock. Geode Capital Management LLC boosted its position in Expion360 Inc. (NASDAQ:XPON) by 207.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 68,639 shares of the company’s stock after purchasing 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. Institutional investors own 34.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on XPON shares. Wall Street Zen downgraded Expion360 from a “hold” rating to a “strong sell” rating in a report on Saturday, March 21st. Weiss Ratings reiterated a “sell (e+)” rating on shares of Expion360 in a report on Monday, April 20th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Expion360 has an average rating of “Sell”.

Expion360 Company Profile

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.