XPEL (NASDAQ:XPEL) Short Interest Up 560.5% in September

XPEL (NASDAQ:XPEL) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 78,600 shares, a growth of 560.5% from the August 30th total of 11,900 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average trading volume of 117,300 shares, the short-interest ratio is currently 0.7 days.

Separately, Craig Hallum initiated coverage on XPEL in a report on Wednesday, September 4th. They set a “buy” rating and a $15.00 price objective on the stock.

Shares of XPEL stock opened at $9.90 on Friday. The business’s fifty day simple moving average is $10.79. XPEL has a 1-year low of $4.19 and a 1-year high of $13.20.

XPEL (NASDAQ:XPEL) last announced its quarterly earnings data on Wednesday, August 21st. The company reported $0.11 earnings per share for the quarter. The business had revenue of $30.09 million for the quarter.

About XPEL

XPEL, Inc manufactures, sells, distributes, and installs after-market automotive products in the United States, Canada, the United Kingdom, and the Netherlands. The company offers paint protection films; headlight protection; automotive window films; and plotters. It also provides apparel, merchandise, aftercare products, paint protection films, microfiber products, install tools, and paint protection film install tolls through online.

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