Exro Technologies Inc. (OTCMKTS:EXROF) Short Interest Up 184.9% in November

Exro Technologies Inc. (OTCMKTS:EXROF) was the target of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 1,226,900 shares, an increase of 184.9% from the October 31st total of 430,600 shares. Based on an average daily volume of 1,178,900 shares, the short-interest ratio is presently 1.0 days.

Exro Technologies Price Performance

Shares of OTCMKTS:EXROF opened at $0.11 on Friday. The company has a current ratio of 0.33, a quick ratio of 0.06 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $50.93 million and a PE ratio of -0.21. The firm has a 50 day moving average of $0.14 and a 200-day moving average of $0.29. Exro Technologies has a 12 month low of $0.08 and a 12 month high of $1.11.

Wall Street Analyst Weigh In

Separately, National Bank Financial cut shares of Exro Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 15th.

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.