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

Expion360 Inc. (NASDAQ:XPON) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 430,900 shares, an increase of 42.4% from the December 15th total of 302,700 shares. Based on an average trading volume of 2,090,000 shares, the days-to-cover ratio is currently 0.2 days. Currently, 21.2% of the company’s shares are sold short.

Expion360 Stock Performance

Shares of Expion360 stock opened at $1.73 on Thursday. The company has a fifty day moving average of $2.32 and a 200-day moving average of $17.79. Expion360 has a 52-week low of $1.62 and a 52-week high of $505.00. The company has a quick ratio of 0.80, a current ratio of 1.30 and a debt-to-equity ratio of 0.08.

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.