Short Interest in Expion360 Inc. (NASDAQ:XPON) Declines By 14.0%

Expion360 Inc. (NASDAQ:XPON) was the target of a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 645,333 shares, a drop of 14.0% from the February 12th total of 750,722 shares. Based on an average trading volume of 188,216 shares, the days-to-cover ratio is presently 3.4 days. Currently, 6.8% of the company’s stock are sold short. Currently, 6.8% of the company’s stock are sold short. Based on an average trading volume of 188,216 shares, the days-to-cover ratio is presently 3.4 days.

Expion360 Trading Up 4.6%

NASDAQ XPON opened at $0.71 on Tuesday. Expion360 has a 52 week low of $0.60 and a 52 week high of $5.50. The company has a 50 day moving average price of $0.79 and a 200 day moving average price of $1.08. The company has a quick ratio of 5.69, a current ratio of 9.18 and a debt-to-equity ratio of 0.02. The firm has a market cap of $6.81 million, a PE ratio of -1.04 and a beta of 0.29.

Hedge Funds Weigh In On Expion360

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

Wall Street Analysts Forecast Growth

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

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.