Is Buying XSUNX INC (OTCMKTS:XSNX), Having Lower Short Interest a Winning Strategy?

June 16, 2018 - By Maria Brooks

XsunX, Inc. (OTCMKTS:XSNX) Logo

The stock of XSUNX INC (OTCMKTS:XSNX) registered a decrease of 6.07% in short interest. XSNX’s total short interest was 439,800 shares in June as published by FINRA. Its down 6.07% from 468,200 shares, reported previously. With 4.48 million shares average volume, it will take short sellers 0 days to cover their XSNX’s short positions.

The stock increased 13.04% or $0.0003 during the last trading session, reaching $0.0026. About 2.85 million shares traded. XsunX, Inc. (OTCMKTS:XSNX) has 0.00% since June 16, 2017 and is . It has underperformed by 12.57% the S&P500.

XsunX, Inc. engages in the design, sale, and installation of solar photovoltaic power generation, energy storage, and energy use management technologies in the United States. The company has market cap of $3.66 million. The firm provides project assessment and installation services, including technology selection, system engineering, procurement, permission, construction, grid connection, warranty, system monitoring, and maintenance. It currently has negative earnings. It also offers various energy production and management technologies; and energy storage systems comprising lithium batteries, charge/discharge controls, and demand charge management software products.

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