Powell Max Limited (NASDAQ:PMAX) Sees Significant Decrease in Short Interest

Powell Max Limited (NASDAQ:PMAX) was the recipient of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 17,029 shares, a decline of 64.5% from the June 30th total of 48,021 shares. Based on an average daily trading volume, of 89,759 shares, the short-interest ratio is currently 0.2 days. Approximately 1.0% of the company’s shares are sold short.

Powell Max Stock Performance

Shares of PMAX stock opened at $1.60 on Monday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.80 and a current ratio of 1.80. The firm has a fifty day simple moving average of $2.15 and a two-hundred day simple moving average of $9.15. Powell Max has a 12 month low of $1.50 and a 12 month high of $52.00.

Powell Max (NASDAQ:PMAX) last released its quarterly earnings data 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.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Powell Max in a research note on Wednesday, July 8th. Wall Street Zen upgraded shares of 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.com, the company has an average rating of “Sell”.

About Powell Max

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