Expion360 Inc. (NASDAQ:XPON) Short Interest Down 40.4% in November

Expion360 Inc. (NASDAQ:XPON) was the target of a large decline in short interest in November. As of November 15th, there was short interest totalling 241,400 shares, a decline of 40.4% from the October 31st total of 405,300 shares. Approximately 49.1% of the shares of the stock are sold short. Based on an average daily volume of 2,000,000 shares, the days-to-cover ratio is presently 0.1 days.

Expion360 Price Performance

NASDAQ:XPON opened at $2.33 on Thursday. The company has a market capitalization of $4.89 million, a P/E ratio of -0.02 and a beta of 0.27. The business’s 50-day moving average is $4.13 and its 200 day moving average is $54.36. The company has a current ratio of 1.30, a quick ratio of 0.80 and a debt-to-equity ratio of 0.08. Expion360 has a 12 month low of $2.09 and a 12 month high of $639.00.

About Expion360

Expion360 Inc designs, assembles, manufactures, and sells lithium iron phosphate batteries and supporting accessories under the VPR 4EVER name for recreational vehicles, marine, golf, industrial, residential, and off-the-grid applications. It provides battery monitors; direct current battery chargers; various models of industrial tie-downs; power generators AURA POWERCAP; terminal blocks; and bus bars.