Short Interest in Exro Technologies Inc. (OTCMKTS:EXROF) Rises By 21.6%

Exro Technologies Inc. (OTCMKTS:EXROF) saw a significant increase in short interest in December. As of December 15th, there was short interest totalling 1,805,100 shares, an increase of 21.6% from the November 30th total of 1,484,600 shares. Based on an average trading volume of 808,500 shares, the short-interest ratio is currently 2.2 days.

Analyst Ratings Changes

Separately, Maxim Group downgraded Exro Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th.

Exro Technologies Stock Up 12.0 %

EXROF traded up $0.01 during mid-day trading on Tuesday, reaching $0.10. 654,163 shares of the stock were exchanged, compared to its average volume of 188,497. Exro Technologies has a 1 year low of $0.08 and a 1 year high of $1.01. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.54 and a current ratio of 1.19. The stock has a market capitalization of $46.23 million, a PE ratio of -0.19 and a beta of 3.25. The company has a 50 day moving average price of $0.11 and a two-hundred day moving average price of $0.23.

Exro Technologies Company Profile

Exro Technologies Inc focuses on developing generation power-control electronics in Canada. The company offers Exro Coil Driver, which allows the motor to switch between different operational profiles in real-time, as well as have multiple gears for scooters, electric bikes, recreational, light electric cars, motorcycles, fleet vans, electric buses, passenger vehicles, long-haul trucks, and industrial vehicles markets; and Exro Cell Driver, a stationary energy storage system for commercial and industrial energy storage applications.