Xos, Inc. (NASDAQ:XOS) Short Interest Up 24.8% in March

Xos, Inc. (NASDAQ:XOS) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totalling 535,200 shares, a growth of 24.8% from the March 15th total of 428,700 shares. Currently, 19.2% of the company’s stock are sold short. Based on an average daily volume of 1,620,000 shares, the days-to-cover ratio is presently 0.3 days.

XOS Price Performance

XOS stock opened at $3.38 on Friday. The company has a market capitalization of $27.14 million, a price-to-earnings ratio of -0.51 and a beta of 1.78. The company’s fifty day moving average price is $3.70 and its two-hundred day moving average price is $3.81. XOS has a one year low of $2.73 and a one year high of $9.22.

XOS (NASDAQ:XOS) last announced its earnings results on Friday, March 28th. The company reported ($2.36) earnings per share for the quarter, missing the consensus estimate of ($1.13) by ($1.23). XOS had a negative net margin of 71.59% and a negative return on equity of 80.70%. The business had revenue of $11.47 million for the quarter, compared to the consensus estimate of $20.89 million. As a group, sell-side analysts anticipate that XOS will post -5.37 earnings per share for the current year.

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.