Short Interest in Xos, Inc. (NASDAQ:XOS) Grows By 23.9%

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.

In other news, CTO Robert Ferber sold 50,000 shares of the stock in a transaction that occurred on Monday, March 21st. The shares were sold at an average price of $3.04, for a total value of $152,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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.

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