Powell Max Limited (NASDAQ:PMAX) Sees Large Growth in Short Interest

Powell Max Limited (NASDAQ:PMAX) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totaling 108,633 shares, an increase of 504.5% from the May 31st total of 17,971 shares. Based on an average trading volume of 789,447 shares, the short-interest ratio is currently 0.1 days. Currently, 6.3% of the company’s shares are sold short.

Analyst Ratings Changes

Several brokerages recently commented on PMAX. Weiss Ratings restated a “sell (e+)” rating on shares of Powell Max in a research report on Friday, April 10th. Wall Street Zen upgraded Powell Max to a “hold” rating in a report on Saturday, May 16th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Powell Max currently has an average rating of “Sell”.

Powell Max Stock Down 5.6%

Shares of NASDAQ PMAX opened at $2.36 on Friday. Powell Max has a 12-month low of $1.70 and a 12-month high of $52.00. The company’s fifty day simple moving average is $2.51 and its 200 day simple moving average is $12.33. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.80 and a quick ratio of 1.80.

Powell Max (NASDAQ:PMAX) last posted its quarterly earnings results on Thursday, April 30th. The company reported ($0.11) earnings per share for the quarter. The business had revenue of $1.54 million for the quarter.

Powell Max Company Profile

Powell Max Limited is a financial communications services provider. Powell Max Limited is based in JERSEY CITY, N.J.