Expion360 Inc. (NASDAQ:XPON – Get Free Report) was the target of a large decline in short interest in the month of June. As of June 15th, there was short interest totalling 47,800 shares, a decline of 13.1% from the May 31st total of 55,000 shares. Based on an average daily volume of 321,200 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.9% of the shares of the company are sold short.
Insider Buying and Selling at Expion360
In other news, major shareholder John Henry Yozamp sold 29,727 shares of the stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $1.57, for a total value of $46,671.39. Following the transaction, the insider now owns 1,692,182 shares in the company, valued at approximately $2,656,725.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 30.90% of the company’s stock.
Expion360 Stock Performance
NASDAQ:XPON opened at $1.04 on Tuesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.71 and a current ratio of 1.65. The stock has a 50-day simple moving average of $1.66 and a two-hundred day simple moving average of $3.09. The firm has a market capitalization of $7.75 million, a PE ratio of -0.95 and a beta of 0.37. Expion360 has a 52-week low of $1.00 and a 52-week high of $6.39.
Expion360 Company Profile
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.
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