Short Interest in Expion360 Inc. (NASDAQ:XPON) Declines By 22.4%

Expion360 Inc. (NASDAQ:XPON) was the recipient of a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 500,633 shares, a drop of 22.4% from the February 26th total of 645,333 shares. Based on an average trading volume of 193,661 shares, the days-to-cover ratio is presently 2.6 days. Currently, 4.7% of the company’s stock are sold short.

Institutional Investors Weigh In On Expion360

A hedge fund recently raised its stake in Expion360 stock. Geode Capital Management LLC increased its position in Expion360 Inc. (NASDAQ:XPON) by 207.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 68,639 shares of the company’s stock after buying an additional 46,339 shares during the period. Geode Capital Management LLC owned 0.71% of Expion360 worth $47,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 34.50% of the company’s stock.

Expion360 Trading Down 6.8%

NASDAQ XPON opened at $0.56 on Friday. The company has a current ratio of 7.07, a quick ratio of 4.20 and a debt-to-equity ratio of 0.03. Expion360 has a 1-year low of $0.54 and a 1-year high of $5.50. The firm’s fifty day simple moving average is $0.74 and its 200-day simple moving average is $1.03. The company has a market capitalization of $6.07 million, a PE ratio of -0.41 and a beta of 0.28.

Expion360 (NASDAQ:XPON) last released its quarterly earnings data on Tuesday, March 17th. The company reported ($0.70) earnings per share (EPS) for the quarter. Expion360 had a negative net margin of 64.61% and a negative return on equity of 119.83%. The firm had revenue of $2.22 million for the quarter. As a group, sell-side analysts anticipate that Expion360 will post -21.69 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on XPON shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Expion360 in a report on Wednesday, January 21st. Wall Street Zen cut shares of Expion360 from a “hold” rating to a “strong sell” rating in a report on Saturday, March 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

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.