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

Xos, Inc. (NASDAQ:XOS) was the target of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 567,700 shares, an increase of 27.1% from the February 13th total of 446,800 shares. Based on an average daily trading volume, of 1,590,000 shares, the days-to-cover ratio is currently 0.4 days. Approximately 20.6% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Northland Securities reiterated a “market perform” rating and issued a $5.00 price objective (down previously from $9.00) on shares of XOS in a report on Monday, November 25th. Northland Capmk downgraded shares of XOS from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 25th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $10.25.

XOS Trading Down 2.5 %

NASDAQ XOS opened at $3.53 on Wednesday. The company has a fifty day simple moving average of $3.61 and a 200 day simple moving average of $4.04. XOS has a 12-month low of $2.92 and a 12-month high of $12.85. The company has a market cap of $28.34 million, a P/E ratio of -0.53 and a beta of 1.67.

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.