Focus Universal, Inc. (NASDAQ:FCUV) Sees Large Decrease in Short Interest

Focus Universal, Inc. (NASDAQ:FCUV) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totaling 26,855 shares, a decrease of 76.2% from the June 30th total of 112,681 shares. Based on an average daily trading volume, of 65,745 shares, the days-to-cover ratio is presently 0.4 days. Currently, 4.9% of the company’s stock are sold short.

Focus Universal Stock Performance

Focus Universal stock traded down $0.01 during mid-day trading on Monday, reaching $2.28. 17,980 shares of the company were exchanged, compared to its average volume of 930,848. The business has a fifty day moving average of $3.13 and a 200 day moving average of $12.92. The firm has a market cap of $1.60 million, a P/E ratio of -0.11 and a beta of -0.45. Focus Universal has a 12-month low of $1.84 and a 12-month high of $210.00.

Focus Universal (NASDAQ:FCUV) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($1.48) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($5.33) by $3.85. The business had revenue of $0.05 million for the quarter, compared to the consensus estimate of $0.40 million. Focus Universal had a negative return on equity of 357.95% and a negative net margin of 4,243.03%.

Wall Street Analysts Forecast Growth

FCUV has been the subject of several recent research reports. Weiss Ratings restated a “sell (e+)” rating on shares of Focus Universal in a report on Wednesday, June 24th. Wall Street Zen cut shares of Focus Universal to a “strong sell” rating in a report on Saturday, July 4th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

About Focus Universal

Focus Universal Inc develops and manufactures smart instrumentation platform and device. It offers Ubiquitor, a wireless sensor device with a universal sensor node and gateway system that uses a computer or mobile device as the output display module that displays the readings of various sensor nodes. The company's universal smart instrumentation platform (USIP) utilizes mobile devices or computers to communicate with smart devices, such as sensors, instruments, probes, and controllers to monitor and control any functions.