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

Powell Max Limited (NASDAQ:PMAX) saw a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 12,320 shares, a decrease of 85.9% from the September 30th total of 87,151 shares. Approximately 0.7% of the company’s shares are short sold. Based on an average daily volume of 1,820,014 shares, the days-to-cover ratio is currently 0.0 days.

Powell Max Price Performance

Shares of Powell Max stock traded down $0.00 during trading on Tuesday, hitting $0.49. 94,023 shares of the company were exchanged, compared to its average volume of 1,121,211. Powell Max has a 1-year low of $0.47 and a 1-year high of $33.50. The firm’s fifty day moving average price is $0.93 and its 200 day moving average price is $6.55.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Powell Max in a research report on Friday, October 2nd. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

About Powell Max

Powell Max Limited (NASDAQ: PMAX) is a holding company that provides marketing and advertising services through its operating subsidiaries. The company focuses on helping clients develop and execute promotional campaigns across traditional and digital channels.

Its services include public relations, event management, digital marketing, social media marketing and related communications activities. These offerings are designed to support brand awareness, customer engagement and corporate communications.

Powell Max is based in Hong Kong and primarily serves clients in the Hong Kong market.