Phunware, Inc. (NASDAQ:PHUN) Short Interest Update

Phunware, Inc. (NASDAQ:PHUN) was the target of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 1,760,000 shares, an increase of 23.1% from the October 31st total of 1,430,000 shares. Currently, 8.9% of the shares of the company are short sold. Based on an average trading volume of 6,660,000 shares, the short-interest ratio is currently 0.3 days.

Phunware Stock Up 5.2 %

Shares of NASDAQ:PHUN opened at $4.64 on Monday. The business’s 50-day moving average is $5.62 and its 200-day moving average is $5.11. Phunware has a 1 year low of $2.85 and a 1 year high of $24.49. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.80 and a quick ratio of 3.80.

Insider Buying and Selling at Phunware

In other Phunware news, Director Rahul Mewawalla sold 29,595 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $5.15, for a total transaction of $152,414.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.20% of the company’s stock.

Institutional Trading of Phunware

An institutional investor recently bought a new position in Phunware stock. Virtu Financial LLC acquired a new position in shares of Phunware, Inc. (NASDAQ:PHUN) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,196 shares of the company’s stock, valued at approximately $91,000. Virtu Financial LLC owned approximately 0.12% of Phunware at the end of the most recent reporting period. Hedge funds and other institutional investors own 7.57% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on PHUN shares. Ascendiant Capital Markets decreased their price target on shares of Phunware from $20.00 to $13.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. HC Wainwright downgraded Phunware from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $9.00 to $6.00 in a research report on Tuesday, November 12th.

Phunware Company Profile

Phunware, Inc, together with its subsidiaries, provides integrated software platform that equips companies with the products, solutions, and services to engage, manage, and monetize their mobile application portfolios in the United States and internationally. The company's products and services include mobile software and application transaction solutions comprise integration of software development kit (SDK) licenses, which consists of analytics that offers data related to application use and engagement; content management that allows application administrators to create and manage app content in a cloud-based portal; alerts, notifications, and messaging, which enables brands to send messages; marketing automation that enables location-triggered messages and workflow; advertising; and location-based services, such as mapping, navigation, wayfinding, workflow, asset management, and policy enforcement.