Expion360 Inc. (NASDAQ:XPON) Short Interest Up 665.7% in January

Expion360 Inc. (NASDAQ:XPON) was the target of a large growth in short interest in January. As of January 30th, there was short interest totaling 2,085,024 shares, a growth of 665.7% from the January 15th total of 272,296 shares. Based on an average daily volume of 5,938,950 shares, the days-to-cover ratio is currently 0.4 days. Currently, 21.9% of the company’s shares are sold short. Currently, 21.9% of the company’s shares are sold short. Based on an average daily volume of 5,938,950 shares, the days-to-cover ratio is currently 0.4 days.

Analysts Set New Price Targets

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

Expion360 Stock Up 1.7%

XPON stock opened at $0.83 on Wednesday. The business has a 50 day moving average of $0.90 and a 200 day moving average of $1.20. The firm has a market cap of $8.02 million, a PE ratio of -1.22 and a beta of 0.26. Expion360 has a twelve month low of $0.60 and a twelve month high of $5.50. The company has a quick ratio of 5.69, a current ratio of 9.18 and a debt-to-equity ratio of 0.02.

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

Institutional Trading of Expion360

A hedge fund recently raised its stake in Expion360 stock. Geode Capital Management LLC grew its holdings in Expion360 Inc. (NASDAQ:XPON) by 207.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,639 shares of the company’s stock after purchasing an additional 46,339 shares during the period. Geode Capital Management LLC owned about 0.71% of Expion360 worth $47,000 as of its most recent SEC filing. Institutional investors own 34.50% of the company’s stock.

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.