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

Expion360 Inc. (NASDAQ:XPON) saw a large drop in short interest in 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 trading volume of 662,700 shares, the days-to-cover ratio is currently 0.3 days. Approximately 5.7% of the shares of the company are short sold.

Expion360 Stock Up 4.5 %

Shares of NASDAQ:XPON opened at $0.92 on Monday. The company’s fifty day moving average is $1.42 and its two-hundred day moving average is $2.97. 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 has a 1-year low of $0.87 and a 1-year high of $349.00. The stock has a market capitalization of $1.93 million, a price-to-earnings ratio of -0.01 and a beta of -0.07.

About Expion360

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.