Xos, Inc. (NASDAQ:XOS) Short Interest Update

Xos, Inc. (NASDAQ:XOS) was the target of a significant decrease in short interest in March. As of March 15th, there was short interest totalling 428,700 shares, a decrease of 24.5% from the February 28th total of 567,700 shares. Based on an average trading volume of 1,590,000 shares, the short-interest ratio is currently 0.3 days. Approximately 15.5% of the company’s stock are short sold.

XOS Stock Up 0.3 %

NASDAQ XOS opened at $3.02 on Wednesday. XOS has a 52 week low of $2.91 and a 52 week high of $9.85. The business has a 50 day moving average price of $3.66 and a 200-day moving average price of $3.95. The company has a market cap of $24.25 million, a price-to-earnings ratio of -0.45 and a beta of 1.67.

XOS (NASDAQ:XOS) last announced its quarterly earnings results on Friday, March 28th. The company reported ($2.36) EPS for the quarter, missing analysts’ consensus estimates of ($1.13) by ($1.23). XOS had a negative net margin of 71.59% and a negative return on equity of 80.70%. The business had revenue of $11.47 million for the quarter, compared to the consensus estimate of $20.89 million. On average, equities research analysts anticipate that XOS will post -5.37 earnings per share for the current year.

XOS Company Profile

Xos, Inc is an electric mobility company engaged in manufacturing electric trucks. The firm designs and develops fully electric battery mobility systems specifically for commercial fleets. The company was founded by Dakota Semler and Giordano Sordoni on July 29, 2020 and is headquartered in Los Angeles, CA.