Expion360 Inc. (NASDAQ:XPON) Short Interest Update

Expion360 Inc. (NASDAQ:XPON) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 25,723 shares, a drop of 77.6% from the July 15th total of 114,583 shares. Based on an average daily volume of 32,603 shares, the days-to-cover ratio is presently 0.8 days. Approximately 2.7% of the company’s shares are sold short.

Hedge Funds Weigh In On Expion360

An institutional investor recently raised its position in Expion360 stock. Geode Capital Management LLC lifted its stake in shares of Expion360 Inc. (NASDAQ:XPON) by 207.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 68,639 shares of the company’s stock after buying an additional 46,339 shares during the quarter. Geode Capital Management LLC owned about 0.71% of Expion360 worth $47,000 as of its most recent filing with the Securities & Exchange Commission. 34.50% of the stock is currently owned by institutional investors and hedge funds.

Expion360 Trading Up 3.7%

Expion360 stock traded up $0.13 during trading hours on Thursday, reaching $3.63. 7,759 shares of the company’s stock were exchanged, compared to its average volume of 49,797. The firm’s 50 day simple moving average is $4.57 and its 200 day simple moving average is $6.84. Expion360 has a twelve month low of $2.77 and a twelve month high of $66.00. The company has a quick ratio of 4.07, a current ratio of 6.44 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $3.46 million, a PE ratio of -0.34 and a beta of 0.53.

Expion360 (NASDAQ:XPON) last announced its quarterly earnings data on Friday, August 7th. The company reported ($1.34) earnings per share (EPS) for the quarter. Expion360 had a negative net margin of 82.32% and a negative return on equity of 93.86%. The business had revenue of $2.03 million during the quarter.

Analysts Set New Price Targets

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