Short Interest in Plutus Financial Group Limited (NASDAQ:PLUT) Declines By 44.6%

Plutus Financial Group Limited (NASDAQ:PLUTGet Free Report) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totaling 2,718 shares, a drop of 44.6% from the June 15th total of 4,909 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 1,943 shares, the days-to-cover ratio is currently 1.4 days.

Plutus Financial Group Trading Down 3.8%

Shares of Plutus Financial Group stock traded down $0.11 during trading hours on Thursday, reaching $2.88. 585 shares of the company’s stock were exchanged, compared to its average volume of 7,151. The company has a 50 day moving average of $3.00 and a two-hundred day moving average of $3.10. Plutus Financial Group has a fifty-two week low of $1.88 and a fifty-two week high of $4.19.

Plutus Financial Group (NASDAQ:PLUTGet Free Report) last released its earnings results on Monday, May 11th. The company reported ($0.10) earnings per share (EPS) for the quarter. The company had revenue of $0.38 million during the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings cut Plutus Financial Group from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, May 19th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Check Out Our Latest Analysis on PLUT

About Plutus Financial Group

(Get Free Report)

Plutus Financial Group, Inc is a diversified holding company focused on mortgage finance and credit services in the United States. Through its primary subsidiary, Plutus Financial, Inc, the company originates, underwrites and services residential and commercial mortgage loans. Since its incorporation in the early 1980s and subsequent listing on the NASDAQ, Plutus Financial Group has built its reputation on providing tailored financing solutions to homebuyers, real estate investors and developers.

The company’s product offerings include conventional mortgage loans, FHA and VA‐insured programs, jumbo and non‐conforming loans, construction financing and home equity lines of credit.

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