Short Interest in Exro Technologies Inc. (OTCMKTS:EXROF) Increases By 21.0%

Exro Technologies Inc. (OTCMKTS:EXROF) saw a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 1,484,600 shares, a growth of 21.0% from the November 15th total of 1,226,900 shares. Based on an average daily volume of 633,100 shares, the short-interest ratio is presently 2.3 days.

Exro Technologies Stock Performance

Shares of OTCMKTS EXROF opened at $0.11 on Monday. The stock’s fifty day simple moving average is $0.12 and its 200 day simple moving average is $0.26. The stock has a market capitalization of $50.93 million, a price-to-earnings ratio of -0.21 and a beta of 3.25. The company has a quick ratio of 0.54, a current ratio of 1.19 and a debt-to-equity ratio of 2.22. Exro Technologies has a 52-week low of $0.08 and a 52-week high of $1.05.

Wall Street Analyst Weigh In

Separately, Maxim Group downgraded shares of Exro Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th.

Exro Technologies Company Profile

Exro Technologies Inc focuses on developing generation power-control electronics in Canada. The company offers Exro Coil Driver, which allows the motor to switch between different operational profiles in real-time, as well as have multiple gears for scooters, electric bikes, recreational, light electric cars, motorcycles, fleet vans, electric buses, passenger vehicles, long-haul trucks, and industrial vehicles markets; and Exro Cell Driver, a stationary energy storage system for commercial and industrial energy storage applications.