Exro Technologies Inc. (OTCMKTS:EXROF) Short Interest Update

Exro Technologies Inc. (OTCMKTS:EXROF) was the target of a significant drop in short interest in October. As of October 31st, there was short interest totalling 430,600 shares, a drop of 88.0% from the October 15th total of 3,600,500 shares. Based on an average trading volume of 588,600 shares, the days-to-cover ratio is currently 0.7 days.

Wall Street Analyst Weigh In

Separately, National Bank Financial downgraded shares of Exro Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 15th.

Exro Technologies Stock Performance

EXROF traded up $0.02 on Tuesday, reaching $0.20. The stock had a trading volume of 929,176 shares, compared to its average volume of 165,029. The company has a current ratio of 0.33, a quick ratio of 0.06 and a debt-to-equity ratio of 0.07. Exro Technologies has a 12-month low of $0.08 and a 12-month high of $1.20. The business’s 50-day moving average price is $0.17 and its two-hundred day moving average price is $0.33. The company has a market cap of $82.91 million and a P/E ratio of -0.80.

Exro Technologies (OTCMKTS:EXROF) last posted its quarterly earnings data on Wednesday, August 14th. The company reported ($0.04) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.04). Exro Technologies had a negative return on equity of 77.42% and a negative net margin of 711.32%. The company had revenue of $3.85 million for the quarter, compared to analysts’ expectations of $16.75 million. Sell-side analysts forecast that Exro Technologies will post -0.15 earnings per share for the current year.

About Exro Technologies

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.