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

Expion360 Inc. (NASDAQ:XPON) was the target of a significant increase in short interest in 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 trading volume, of 13,375,106 shares, the days-to-cover ratio is currently 0.0 days. Currently, 28.4% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

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

Expion360 Stock Down 5.6%

NASDAQ:XPON traded down $0.31 during midday trading on Thursday, hitting $5.19. The company had a trading volume of 63,586 shares, compared to its average volume of 7,857,322. Expion360 has a 52-week low of $2.77 and a 52-week high of $24.60. The stock’s fifty day moving average price is $4.56 and its 200-day moving average price is $6.30. The company has a quick ratio of 3.41, a current ratio of 5.55 and a debt-to-equity ratio of 0.03.

Expion360 (NASDAQ:XPON) last released its quarterly earnings results 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 firm had revenue of $2.03 million for the quarter.

Institutional Trading of Expion360

An institutional investor recently raised its stake in Expion360 stock. Geode Capital Management LLC raised its holdings in shares of Expion360 Inc. (NASDAQ:XPON) by 207.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 68,639 shares of the company’s stock after acquiring an additional 46,339 shares during the period. Geode Capital Management LLC owned about 0.71% of Expion360 worth $47,000 at the end of the most recent reporting period. 34.50% of the stock is owned by hedge funds and other institutional investors.

About Expion360

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.