Expion360 Inc. (XPON) is currently experiencing a short squeeze. Here's the analysis to support this conclusion:
- High Short Interest and Short Squeeze Score: XPON has a high short interest, with 12.2% of the float short1. This indicates that a significant portion of outstanding shares are sold short, creating a favorable environment for a short squeeze.
- Cost to Borrow: The cost to borrow shares of XPON is relatively high, at 433.8%1. This high cost to borrow suggests that lenders are demanding a premium for lending stock, which can be a sign of market anticipation of a short squeeze.
- Recent Performance: XPON has moved up 108 positions on the short squeeze leaderboard1, reflecting an improvement in its short squeeze risk profile. This movement suggests that the company is gaining traction and could be a candidate for a short squeeze.
- Technical Indicators: The stock's trading volume was 13.8 million shares on the latest data2, which is a substantial volume that could be indicative of a short squeeze if there is significant buying pressure.
- Fundamental Factors: XPON's net fund flow was $85,807.253, which is a positive indicator of investor interest and could contribute to a potential short squeeze if the positive sentiment continues.
- Market Sentiment: The company's lithium iron phosphate batteries are known for their safety, durability, and efficiency4, which could be a positive factor in the market's perception of XPON's future prospects.
In conclusion, XPON's high short interest, significant trading volume, high cost to borrow, and recent improvement in its short squeeze risk profile all point towards an ongoing short squeeze. The company's strong fundamentals and positive market sentiment further support this conclusion.