Exro Technologies Inc. (OTCMKTS:EXROF) Sees Significant Increase in Short Interest

Exro Technologies Inc. (OTCMKTS:EXROF) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 1,805,100 shares, an increase of 21.6% from the November 30th total of 1,484,600 shares. Based on an average daily volume of 808,500 shares, the short-interest ratio is presently 2.2 days.

Analysts Set New Price Targets

Separately, Maxim Group downgraded shares of Exro Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th.

Exro Technologies Trading Up 12.0 %

OTCMKTS:EXROF traded up $0.01 during mid-day trading on Tuesday, hitting $0.10. 654,163 shares of the company’s stock were exchanged, compared to its average volume of 188,497. Exro Technologies has a fifty-two week low of $0.08 and a fifty-two week high of $1.01. The company has a current ratio of 1.19, a quick ratio of 0.54 and a debt-to-equity ratio of 2.22. The firm has a market capitalization of $46.23 million, a P/E ratio of -0.19 and a beta of 3.25. The company has a 50 day simple moving average of $0.11 and a 200-day simple moving average of $0.23.

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.