Exro Technologies Inc. (OTCMKTS:EXROF) Short Interest Down 5.5% in December

Exro Technologies Inc. (OTCMKTS:EXROF) was the recipient of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 1,706,100 shares, a decrease of 5.5% from the December 15th total of 1,805,100 shares. Based on an average daily trading volume, of 551,200 shares, the days-to-cover ratio is presently 3.1 days.

Analyst Upgrades and Downgrades

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

Exro Technologies Stock Performance

Exro Technologies stock opened at $0.08 on Monday. The stock has a 50-day simple moving average of $0.11 and a 200 day simple moving average of $0.21. The stock has a market capitalization of $45.12 million, a price-to-earnings ratio of -0.17 and a beta of 2.54. The company has a quick ratio of 0.54, a current ratio of 1.19 and a debt-to-equity ratio of 2.22. Exro Technologies has a 12-month low of $0.08 and a 12-month high of $0.90.

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.