Xos, Inc. (NASDAQ:XOS) Short Interest Update

Xos, Inc. (NASDAQ:XOS) was the target of a significant increase in short interest in February. As of February 28th, there was short interest totalling 567,700 shares, an increase of 27.1% from the February 13th total of 446,800 shares. Currently, 20.6% of the shares of the stock are sold short. Based on an average daily volume of 1,590,000 shares, the short-interest ratio is presently 0.4 days.

Analyst Ratings Changes

XOS has been the subject of a number of research reports. Northland Capmk lowered shares of XOS from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th. Northland Securities reaffirmed a “market perform” rating and set a $5.00 target price (down previously from $9.00) on shares of XOS in a report on Monday, November 25th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, XOS currently has a consensus rating of “Moderate Buy” and an average price target of $10.25.

XOS Stock Performance

XOS opened at $3.62 on Tuesday. The company has a fifty day moving average price of $3.61 and a two-hundred day moving average price of $4.05. XOS has a 52 week low of $2.92 and a 52 week high of $13.18. The firm has a market capitalization of $29.06 million, a PE ratio of -0.54 and a beta of 1.67.

XOS Company Profile

Xos, Inc is an electric mobility company engaged in manufacturing electric trucks. The firm designs and develops fully electric battery mobility systems specifically for commercial fleets. The company was founded by Dakota Semler and Giordano Sordoni on July 29, 2020 and is headquartered in Los Angeles, CA.