Expion360 Inc. (NASDAQ:XPON) Short Interest Down 57.2% in September

Expion360 Inc. (NASDAQ:XPON) saw a significant drop in short interest during the month of September. As of September 15th, there was short interest totalling 655,200 shares, a drop of 57.2% from the August 31st total of 1,530,000 shares. Based on an average daily trading volume, of 42,410,000 shares, the short-interest ratio is presently 0.0 days. Approximately 1.2% of the shares of the company are sold short.

Expion360 Price Performance

Shares of NASDAQ:XPON opened at $0.07 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.54 and a current ratio of 1.37. The firm has a market cap of $4.01 million, a price-to-earnings ratio of -0.07 and a beta of 0.24. The business has a 50-day simple moving average of $0.19 and a two-hundred day simple moving average of $1.30. Expion360 has a fifty-two week low of $0.05 and a fifty-two week high of $6.39.

Expion360 (NASDAQ:XPON) last posted its earnings results on Wednesday, August 14th. The company reported ($0.26) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.01. The company had revenue of $1.28 million for the quarter, compared to the consensus estimate of $1.36 million. Expion360 had a negative return on equity of 176.38% and a negative net margin of 168.29%. On average, analysts expect that Expion360 will post -0.34 earnings per share for the current year.

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.