Perfect Moment Ltd. (NASDAQ:PMNT) Short Interest Down 30.6% in May

Perfect Moment Ltd. (NASDAQ:PMNT) saw a significant decline in short interest in May. As of May 31st, there was short interest totalling 31,300 shares, a decline of 30.6% from the May 15th total of 45,100 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 36,900 shares, the short-interest ratio is currently 0.8 days.

Insider Activity

In related news, Director Max Gottschalk bought 344,797 shares of Perfect Moment stock in a transaction dated Friday, March 28th. The shares were bought at an average cost of $5.80 per share, with a total value of $1,999,822.60. Following the acquisition, the director now owns 344,797 shares in the company, valued at $1,999,822.60. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Hedge Funds Weigh In On Perfect Moment

An institutional investor recently raised its position in Perfect Moment stock. Magnus Financial Group LLC boosted its position in Perfect Moment Ltd. (NASDAQ:PMNT) by 271.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 101,975 shares of the company’s stock after acquiring an additional 74,550 shares during the quarter. Magnus Financial Group LLC owned 0.62% of Perfect Moment worth $112,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 23.00% of the company’s stock.

Perfect Moment Stock Down 1.3%

PMNT stock opened at $0.50 on Tuesday. The company has a market cap of $8.35 million, a PE ratio of -0.39 and a beta of -3.05. Perfect Moment has a 52 week low of $0.48 and a 52 week high of $2.93. The business has a 50-day simple moving average of $0.79 and a 200 day simple moving average of $0.96.

About Perfect Moment

Perfect Moment Ltd., together with its subsidiaries, owns and operates a fashion brand that offers ski, surf, and activewear collections under the brand name of Perfect Moment. It offers skiwear, outerwear, swimwear and activewear for women, men, and children. The company sells its collections directly to customers through e-commerce and to wholesale accounts, as well as through other sales partnerships.