Xos, Inc. (NASDAQ:XOS) Short Interest Update

Xos, Inc. (NASDAQ:XOS) was the target of a large growth in short interest in February. As of February 28th, there was short interest totalling 567,700 shares, a growth of 27.1% from the February 13th total of 446,800 shares. Based on an average trading volume of 1,590,000 shares, the days-to-cover ratio is presently 0.4 days. Approximately 20.6% of the company’s stock are short sold.

XOS Price Performance

Shares of NASDAQ:XOS opened at $3.62 on Tuesday. The company’s 50-day moving average price is $3.61 and its two-hundred day moving average price is $4.05. XOS has a one year low of $2.92 and a one year high of $13.18. The stock has a market capitalization of $29.06 million, a PE ratio of -0.54 and a beta of 1.67.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Northland Securities reaffirmed a “market perform” rating and issued a $5.00 price objective (down from $9.00) on shares of XOS in a research report on Monday, November 25th. Northland Capmk cut shares of XOS from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 25th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $10.25.

About XOS

Xos, Inc is an electric mobility company engaged in manufacturing electric trucks. The firm designs and develops fully electric battery mobility systems specifically for commercial fleets. The company was founded by Dakota Semler and Giordano Sordoni on July 29, 2020 and is headquartered in Los Angeles, CA.