Exro Technologies Inc. (OTCMKTS:EXROF) Short Interest Update

Exro Technologies Inc. (OTCMKTS:EXROF) was the recipient of a large growth in short interest in October. As of October 15th, there was short interest totalling 3,600,500 shares, a growth of 181.5% from the September 30th total of 1,279,000 shares. Based on an average daily trading volume, of 485,000 shares, the short-interest ratio is presently 7.4 days.

Exro Technologies Stock Performance

EXROF opened at $0.11 on Monday. Exro Technologies has a 1-year low of $0.10 and a 1-year high of $1.40. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.33 and a quick ratio of 0.06. The business has a 50 day moving average price of $0.21 and a two-hundred day moving average price of $0.36. The company has a market capitalization of $45.07 million and a price-to-earnings ratio of -0.48.

Exro Technologies (OTCMKTS:EXROF) last released its earnings results on Wednesday, August 14th. The company reported ($0.04) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.04). Exro Technologies had a negative return on equity of 77.42% and a negative net margin of 711.32%. The firm had revenue of $3.85 million for the quarter, compared to analyst estimates of $16.75 million. Research analysts predict that Exro Technologies will post -0.13 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, National Bank Financial downgraded shares of Exro Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 15th.

Exro Technologies Company Profile

Exro Technologies Inc focuses on developing generation power-control electronics in Canada. The company offers Exro Coil Driver, which allows the motor to switch between different operational profiles in real-time, as well as have multiple gears for scooters, electric bikes, recreational, light electric cars, motorcycles, fleet vans, electric buses, passenger vehicles, long-haul trucks, and industrial vehicles markets; and Exro Cell Driver, a stationary energy storage system for commercial and industrial energy storage applications.