Expion360 Inc. (NASDAQ:XPON – Get Free Report) was the target of a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 28,200 shares, a decline of 19.7% from the March 31st total of 35,100 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average daily volume of 295,100 shares, the short-interest ratio is currently 0.1 days.
Hedge Funds Weigh In On Expion360
An institutional investor recently bought a new position in Expion360 stock. AE Wealth Management LLC acquired a new stake in Expion360 Inc. (NASDAQ:XPON – Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 21,465 shares of the company’s stock, valued at approximately $88,000. AE Wealth Management LLC owned 0.31% of Expion360 at the end of the most recent quarter. 34.50% of the stock is currently owned by hedge funds and other institutional investors.
Expion360 Stock Performance
Expion360 stock opened at $2.28 on Friday. The company has a quick ratio of 1.11, a current ratio of 2.06 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $16.05 million, a PE ratio of -2.13 and a beta of 0.41. The firm has a fifty day simple moving average of $3.02 and a two-hundred day simple moving average of $4.05. Expion360 has a twelve month low of $1.79 and a twelve month 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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