Short Interest in Expion360 Inc. (NASDAQ:XPON) Decreases By 50.2%

Expion360 Inc. (NASDAQ:XPON) saw a significant decline in short interest in May. As of May 29th, there was short interest totaling 98,107 shares, a decline of 50.2% from the May 14th total of 197,127 shares. Approximately 0.9% of the shares of the stock are short sold. Based on an average trading volume of 188,561 shares, the short-interest ratio is currently 0.5 days.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on XPON shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Expion360 in a research report on Monday, April 20th. Wall Street Zen lowered shares of Expion360 from a “hold” rating to a “strong sell” rating in a research report on Saturday, March 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Expion360 Trading Down 0.5%

Shares of XPON traded down $0.00 during mid-day trading on Monday, reaching $0.50. The company’s stock had a trading volume of 58,340 shares, compared to its average volume of 728,022. The stock has a market cap of $5.73 million, a PE ratio of -0.42 and a beta of 0.47. The company has a current ratio of 6.44, a quick ratio of 4.07 and a debt-to-equity ratio of 0.03. Expion360 has a 52 week low of $0.45 and a 52 week high of $5.50. The company’s fifty day moving average price is $0.62 and its two-hundred day moving average price is $0.75.

Expion360 (NASDAQ:XPON) last announced its quarterly earnings data on Friday, May 15th. The company reported ($0.17) earnings per share for the quarter. Expion360 had a negative return on equity of 115.70% and a negative net margin of 74.66%.The business had revenue of $1.57 million during the quarter.

Institutional Investors Weigh In On Expion360

An institutional investor recently raised its position in Expion360 stock. Geode Capital Management LLC boosted its position in shares of Expion360 Inc. (NASDAQ:XPON) by 207.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 68,639 shares of the company’s stock after buying an additional 46,339 shares during the quarter. Geode Capital Management LLC owned approximately 0.71% of Expion360 worth $47,000 as of its most recent filing with the Securities & Exchange Commission. 34.50% of the stock is owned by institutional investors and hedge funds.

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.