Expion360 Inc. (NASDAQ:XPON) Short Interest Update

Expion360 Inc. (NASDAQ:XPON) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 25,723 shares, a decrease of 77.6% from the July 15th total of 114,583 shares. Based on an average daily volume of 32,603 shares, the days-to-cover ratio is currently 0.8 days. Approximately 2.7% of the company’s stock are short sold.

Expion360 Stock Performance

Shares of Expion360 stock traded up $0.13 during trading hours on Thursday, hitting $3.63. 7,759 shares of the company’s stock traded hands, compared to its average volume of 49,797. The stock has a market capitalization of $3.46 million, a price-to-earnings ratio of -0.34 and a beta of 0.53. The company has a debt-to-equity ratio of 0.03, a current ratio of 6.44 and a quick ratio of 4.07. Expion360 has a 12-month low of $2.77 and a 12-month high of $66.00. The company has a fifty day simple moving average of $4.57 and a 200-day simple moving average of $6.84.

Expion360 (NASDAQ:XPON) last released its earnings results on Friday, August 7th. The company reported ($1.34) earnings per share for the quarter. The company had revenue of $2.03 million during the quarter. Expion360 had a negative net margin of 82.32% and a negative return on equity of 93.86%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Expion360 in a report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Expion360 has an average rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Expion360 stock. Geode Capital Management LLC boosted its holdings in Expion360 Inc. (NASDAQ:XPON) by 207.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,639 shares of the company’s stock after buying an additional 46,339 shares during the period. Geode Capital Management LLC owned approximately 0.71% of Expion360 worth $47,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 34.50% of the company’s stock.

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.