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

Powell Max Limited (NASDAQ:PMAXGet Free Report) saw a significant drop in short interest in July. As of July 15th, there was short interest totaling 17,029 shares, a drop of 64.5% from the June 30th total of 48,021 shares. Based on an average daily volume of 89,759 shares, the days-to-cover ratio is currently 0.2 days. Approximately 1.0% of the company’s stock are short sold.

Powell Max Price Performance

Powell Max stock opened at $1.60 on Monday. Powell Max has a fifty-two week low of $1.50 and a fifty-two week high of $52.00. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.80 and a current ratio of 1.80. The firm’s 50-day simple moving average is $2.15 and its 200 day simple moving average is $9.15.

Powell Max (NASDAQ:PMAXGet Free Report) last posted its quarterly earnings data on Thursday, April 30th. The company reported ($0.11) EPS for the quarter. The business had revenue of $1.54 million for the quarter.

Analysts Set New Price Targets

Several brokerages recently issued reports on PMAX. Wall Street Zen upgraded Powell Max to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings restated a “sell (e+)” rating on shares of Powell Max in a research note on Wednesday, July 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

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About Powell Max

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

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