Expion360 Inc. (NASDAQ:XPON) Short Interest Up 1,249.2% in August

Expion360 Inc. (NASDAQ:XPON) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 268,909 shares, an increase of 1,249.2% from the August 15th total of 19,931 shares. Currently, 28.4% of the company’s stock are short sold. Based on an average trading volume of 13,375,106 shares, the days-to-cover ratio is currently 0.0 days.

Expion360 Stock Performance

Shares of XPON opened at $5.07 on Friday. The company has a quick ratio of 3.41, a current ratio of 5.55 and a debt-to-equity ratio of 0.03. The business’s 50 day moving average price is $4.56 and its 200-day moving average price is $6.29. Expion360 has a 52 week low of $2.77 and a 52 week high of $24.60. The stock has a market cap of $4.87 million, a P/E ratio of -0.48 and a beta of 0.66.

Expion360 (NASDAQ:XPON) last posted its quarterly earnings data on Friday, August 7th. The company reported ($1.34) earnings per share for the quarter. Expion360 had a negative net margin of 82.32% and a negative return on equity of 102.32%. The company had revenue of $2.03 million for the quarter.

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% in the fourth quarter, according to the company in its most recent filing with the SEC. 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 0.71% of Expion360 worth $47,000 at the end of the most recent quarter. 34.50% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Expion360 in a research note on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company 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.