Short Interest in Exro Technologies Inc. (OTCMKTS:EXROF) Drops By 5.5%

Exro Technologies Inc. (OTCMKTS:EXROF) was the target of a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 1,706,100 shares, a decrease of 5.5% from the December 15th total of 1,805,100 shares. Based on an average daily trading volume, of 551,200 shares, the short-interest ratio is presently 3.1 days.

Analysts Set New Price Targets

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

Exro Technologies Stock Down 3.6 %

Shares of EXROF stock opened at $0.08 on Monday. The stock has a 50 day moving average of $0.11 and a 200-day moving average of $0.21. The firm has a market cap of $45.12 million, a PE ratio of -0.17 and a beta of 2.54. The company has a quick ratio of 0.54, a current ratio of 1.19 and a debt-to-equity ratio of 2.22. Exro Technologies has a 12 month low of $0.08 and a 12 month high of $0.90.

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.