Short Interest in Expion360 Inc. (NASDAQ:XPON) Drops By 64.0%

Expion360 Inc. (NASDAQ:XPON) was the target of a large decrease in short interest in the month of February. As of February 13th, there was short interest totaling 750,722 shares, a decrease of 64.0% from the January 29th total of 2,085,024 shares. Approximately 7.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 432,277 shares, the days-to-cover ratio is currently 1.7 days. Based on an average daily trading volume, of 432,277 shares, the days-to-cover ratio is currently 1.7 days. Approximately 7.9% of the shares of the stock are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Expion360 in a research note on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Hedge Funds Weigh In On Expion360

An institutional investor recently bought a new position in Expion360 stock. Apollon Wealth Management LLC bought a new position in shares of Expion360 Inc. (NASDAQ:XPON) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 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. 34.50% of the stock is owned by hedge funds and other institutional investors.

Expion360 Stock Up 2.3%

NASDAQ XPON opened at $0.70 on Thursday. The business has a fifty day moving average price of $0.82 and a 200 day moving average price of $1.16. The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.69 and a current ratio of 9.18. The company has a market cap of $6.76 million, a P/E ratio of -1.03 and a beta of 0.26. Expion360 has a one year low of $0.60 and a one year high of $5.50.

About Expion360

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.