Xos, Inc. (NASDAQ:XOS – Get Rating) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 1,130,000 shares, a growth of 23.9% from the March 15th total of 911,800 shares. Currently, 2.4% of the shares of the stock are short sold. Based on an average daily volume of 426,300 shares, the days-to-cover ratio is currently 2.7 days.
Shares of NASDAQ XOS opened at $2.87 on Tuesday. XOS has a 52-week low of $1.92 and a 52-week high of $10.08. The firm has a fifty day moving average of $2.67 and a 200-day moving average of $3.27.
A number of analysts recently issued reports on the stock. Zacks Investment Research lowered shares of XOS from a “buy” rating to a “hold” rating in a research report on Friday, April 1st. Colliers Securities restated a “buy” rating on shares of XOS in a research report on Wednesday, January 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $7.88.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Easterly Investment Partners LLC purchased a new stake in XOS during the 3rd quarter worth $69,000. Nwam LLC purchased a new stake in XOS during the 3rd quarter worth $93,000. Camden Capital LLC purchased a new stake in XOS during the 3rd quarter worth $542,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in XOS during the 3rd quarter worth $104,000. Finally, Goldman Sachs Group Inc. purchased a new stake in XOS during the 3rd quarter worth $314,000. 12.59% of the stock is owned by institutional investors.
About XOS (Get Rating)
Xos, Inc, a mobility solutions company, manufactures and sells battery-electric commercial vehicles. It designs and develops fully electric battery mobility systems primarily for commercial fleets. The company is headquartered in Los Angeles, California.
- Get a free copy of the StockNews.com research report on XOS (XOS)
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