Exro Technologies Inc. (OTCMKTS:EXROF) Short Interest Down 5.5% in December

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

Analyst Ratings Changes

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

Exro Technologies Price Performance

EXROF stock traded down $0.00 during trading on Friday, hitting $0.08. 84,650 shares of the company’s stock traded hands, compared to its average volume of 256,533. Exro Technologies has a 52 week low of $0.08 and a 52 week high of $0.90. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.54 and a current ratio of 1.19. The business has a fifty day simple moving average of $0.11 and a 200 day simple moving average of $0.21. The stock has a market capitalization of $45.12 million, a price-to-earnings ratio of -0.17 and a beta of 2.54.

About Exro Technologies

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.