Short Interest in Expion360 Inc. (NASDAQ:XPON) Declines By 21.1%

Expion360 Inc. (NASDAQ:XPON) was the target of a large decrease in short interest in January. As of January 15th, there was short interest totaling 272,296 shares, a decrease of 21.1% from the December 31st total of 345,175 shares. Based on an average daily volume of 146,241 shares, the short-interest ratio is presently 1.9 days. Currently, 2.9% of the shares of the company are sold short. Currently, 2.9% of the shares of the company are sold short. Based on an average daily volume of 146,241 shares, the short-interest ratio is presently 1.9 days.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Expion360 in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Institutional Investors Weigh In On Expion360

An institutional investor recently bought a new position in Expion360 stock. Apollon Wealth Management LLC acquired a new position in shares of Expion360 Inc. (NASDAQ:XPON) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 43,228 shares of the company’s stock, valued at approximately $62,000. Apollon Wealth Management LLC owned approximately 1.25% of Expion360 at the end of the most recent quarter. Institutional investors and hedge funds own 34.50% of the company’s stock.

Expion360 Trading Down 5.8%

Shares of XPON stock opened at $0.79 on Friday. Expion360 has a 1-year low of $0.60 and a 1-year high of $5.50. The company has a market cap of $7.64 million, a price-to-earnings ratio of -1.16 and a beta of 0.26. The company has a debt-to-equity ratio of 0.02, a current ratio of 9.18 and a quick ratio of 5.69. The stock has a 50 day simple moving average of $0.95 and a 200-day simple moving average of $1.23.

Expion360 (NASDAQ:XPON) last issued its quarterly earnings results on Thursday, November 13th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of ($0.54) by $0.64. The company had revenue of $2.39 million during the quarter, compared to analyst estimates of $2.68 million. Expion360 had a negative net margin of 21.76% and a negative return on equity of 48.80%. On average, equities research analysts expect that Expion360 will post -21.69 EPS for the current fiscal year.

Expion360 Company Profile

Expion360, trading under the ticker XPON on the NASDAQ, is a cybersecurity software company that operates through its Leviathan Security Group division. The company’s flagship offering, the Leviathan Platform, delivers a unified risk management solution designed to help organizations identify, assess and remediate cybersecurity vulnerabilities. By consolidating compliance management, threat detection and data protection into a single platform, Expion360 enables enterprises to streamline security workflows and maintain continuous visibility into their cyber risk posture.

The Leviathan Platform encompasses modules for vulnerability scanning, automated compliance mapping to frameworks such as NIST, HIPAA and PCI DSS, real-time threat intelligence and incident response orchestration.