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

Powell Max Limited (NASDAQ:PMAX) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totaling 51,081 shares, a growth of 1,026.6% from the April 30th total of 4,534 shares. Based on an average daily trading volume, of 5,975,224 shares, the days-to-cover ratio is presently 0.0 days. Currently, 3.0% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Several analysts have issued reports on PMAX shares. Wall Street Zen upgraded Powell Max to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Powell Max in a report on Friday, April 10th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Powell Max currently has a consensus rating of “Sell”.

Powell Max Stock Performance

Shares of NASDAQ:PMAX traded down $0.25 during trading on Wednesday, hitting $2.48. 30,567 shares of the company traded hands, compared to its average volume of 3,449,416. The business’s fifty day moving average is $3.11 and its 200-day moving average is $15.03. Powell Max has a one year low of $1.90 and a one year high of $52.00. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.07.

Powell Max (NASDAQ:PMAX) last posted its earnings results on Thursday, April 30th. The company reported ($0.11) EPS for the quarter. The firm had revenue of $1.54 million during the quarter.

About Powell Max

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