PhoneX Holdings, Inc. (OTCMKTS:PXHI) Sees Significant Growth in Short Interest

PhoneX Holdings, Inc. (OTCMKTS:PXHI) was the target of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 565 shares, a growth of 110.8% from the April 15th total of 268 shares. Based on an average daily volume of 4,289 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

PhoneX Price Performance

OTCMKTS PXHI traded up $0.15 on Monday, hitting $1.24. The stock had a trading volume of 24,112 shares, compared to its average volume of 5,666. The business’s fifty day moving average price is $1.28 and its 200 day moving average price is $1.62. PhoneX has a 52-week low of $1.00 and a 52-week high of $3.25. The stock has a market cap of $42.69 million, a price-to-earnings ratio of 1.59 and a beta of 0.76.

PhoneX (OTCMKTS:PXHI) last released its quarterly earnings results on Friday, May 15th. The company reported $0.02 earnings per share (EPS) for the quarter. The firm had revenue of $2.63 million during the quarter.

About PhoneX

PhoneX Holdings, Inc operates as a market maker of used smartphones. The company acquires products from individual consumers through its uSell.com Website, as well as from various carriers, big box retailers, and manufacturers through its subsidiary, We Sell Cellular. It sells its devices to professional buyers, such as brick and mortar retailers, online retailers, large and small wholesalers, small repair shops, large refurbishing providers, and insurance companies, as well as directly to consumers through third party e-commerce platforms.