Expion360 Inc. (NASDAQ:XPON) Sees Significant Decrease in Short Interest

Expion360 Inc. (NASDAQ:XPON) saw a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 176,600 shares, a drop of 24.0% from the February 13th total of 232,300 shares. Based on an average daily volume of 662,700 shares, the days-to-cover ratio is presently 0.3 days. Currently, 5.7% of the shares of the company are sold short.

Expion360 Trading Up 8.6 %

Shares of NASDAQ:XPON opened at $1.00 on Tuesday. The company has a market cap of $2.09 million, a P/E ratio of -0.01 and a beta of -0.07. The stock’s 50-day moving average is $1.40 and its 200-day moving average is $2.93. Expion360 has a 52-week low of $0.87 and a 52-week high of $349.00. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.80 and a current ratio of 1.30.

Expion360 Company Profile

Expion360 Inc designs, assembles, manufactures, and sells lithium iron phosphate batteries and supporting accessories under the VPR 4EVER name for recreational vehicles, marine, golf, industrial, residential, and off-the-grid applications. It provides battery monitors; direct current battery chargers; various models of industrial tie-downs; power generators AURA POWERCAP; terminal blocks; and bus bars.