Powerus Corporation (NASDAQ:PUSA) Stock Short Interest Report for October

Powerus Corporation (NASDAQ:PUSA) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 3,806,986 shares, a growth of 83.1% from the September 30th total of 2,079,422 shares. Approximately 3.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,740,593 shares, the days-to-cover ratio is presently 2.2 days.

Analysts Set New Price Targets

PUSA has been the subject of several analyst reports. Wall Street Zen upgraded shares of Powerus from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Northland Securities started coverage on Powerus in a report on Tuesday. They set an “outperform” rating and a $5.00 price target on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Powerus in a research report on Monday, September 21st. Zacks Research upgraded shares of Powerus to a “hold” rating in a research report on Thursday, August 27th. Finally, Roth Capital assumed coverage on Powerus in a research note on Wednesday, August 26th. They set a “buy” rating and a $7.50 target price for the company. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $6.25.

Powerus Price Performance

NASDAQ PUSA opened at $1.61 on Tuesday. The company has a fifty day moving average price of $3.03 and a 200-day moving average price of $3.75. The firm has a market cap of $264.60 million, a price-to-earnings ratio of -5.57 and a beta of 5.19. Powerus has a 1 year low of $1.61 and a 1 year high of $6.57.

Powerus (NASDAQ:PUSA) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.00) EPS for the quarter. Powerus had a negative net margin of 154.20% and a negative return on equity of 12.81%. The business had revenue of $0.71 million for the quarter. On average, research analysts anticipate that Powerus will post -0.13 EPS for the current fiscal year.

Hedge Funds Weigh In On Powerus

A number of large investors have recently modified their holdings of PUSA. Thrive Wealth Management LLC purchased a new stake in shares of Powerus in the 2nd quarter valued at $120,000. Bank of America Corp DE purchased a new stake in Powerus in the 2nd quarter worth approximately $384,000. PEAK6 LLC purchased a new stake in Powerus in the second quarter worth $1,197,000. Finally, BlackRock Inc. bought a new stake in shares of Powerus during the 2nd quarter valued at about $394,000.

About Powerus

We own and operate two public golf country clubs in Florida that each features a golf-club, consisting of over 289 acres of multi-service recreational property. Our golf country clubs include two golf-courses with over 13,000 yards of combined fairways, clubhouses boasting food and beverage options, aquatic golf ranges, and pro shops to assist any level of golfer. We believe our golf country clubs are a serene combination of approachable golf and nature that are designed to appeal to local residents and tourists alike.