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

Expion360 Inc. (NASDAQ:XPON) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 268,909 shares, an increase of 1,249.2% from the August 15th total of 19,931 shares. Based on an average daily volume of 13,375,106 shares, the short-interest ratio is presently 0.0 days. Currently, 28.4% of the company’s shares are short sold.

Institutional Investors Weigh In On Expion360

A hedge fund recently raised its position in Expion360 stock. Kingsbury Capital Investment Advisors LLC raised its position in Expion360 Inc. (NASDAQ:XPON) by 399.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 152,152 shares of the company’s stock after acquiring an additional 121,692 shares during the quarter. Kingsbury Capital Investment Advisors LLC owned approximately 15.82% of Expion360 worth $68,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 34.50% of the company’s stock.

Expion360 Stock Performance

Expion360 stock traded down $0.31 during trading hours on Thursday, reaching $5.19. The company had a trading volume of 63,586 shares, compared to its average volume of 7,857,322. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.55 and a quick ratio of 3.41. The company has a 50-day moving average price of $4.56 and a 200 day moving average price of $6.30. Expion360 has a 12-month low of $2.77 and a 12-month high of $24.60.

Expion360 (NASDAQ:XPON) last announced its quarterly earnings data on Friday, August 7th. The company reported ($1.34) earnings per share for the quarter. Expion360 had a negative net margin of 82.32% and a negative return on equity of 102.32%. The company had revenue of $2.03 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Expion360 in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Expion360 presently has a consensus rating of “Sell”.

Expion360 Company Profile

Expion360, trading under the ticker XPON on the NASDAQ, is a cybersecurity software company that operates through its Leviathan Security Group division. The company’s flagship offering, the Leviathan Platform, delivers a unified risk management solution designed to help organizations identify, assess and remediate cybersecurity vulnerabilities. By consolidating compliance management, threat detection and data protection into a single platform, Expion360 enables enterprises to streamline security workflows and maintain continuous visibility into their cyber risk posture.

The Leviathan Platform encompasses modules for vulnerability scanning, automated compliance mapping to frameworks such as NIST, HIPAA and PCI DSS, real-time threat intelligence and incident response orchestration.