PhoneX Holdings, Inc. (OTCMKTS:PXHI) Short Interest Up 722.2% in October

PhoneX Holdings, Inc. (OTCMKTS:PXHI) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 7,400 shares, an increase of 722.2% from the September 30th total of 900 shares. Based on an average daily trading volume, of 50,600 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 50,600 shares, the days-to-cover ratio is presently 0.1 days.

PhoneX Stock Down 4.8%

PXHI stock opened at $2.00 on Tuesday. The business has a 50 day moving average price of $2.22 and a two-hundred day moving average price of $1.69. The company has a market cap of $67.82 million, a price-to-earnings ratio of 2.60 and a beta of 2.17. PhoneX has a twelve month low of $1.00 and a twelve month high of $3.25.

PhoneX (OTCMKTS:PXHI) last posted its quarterly earnings results on Thursday, August 14th. The company reported $0.74 earnings per share for the quarter. The company had revenue of $2.36 million during the quarter.

PhoneX Company Profile

PhoneX Holdings, Inc operates as a market maker of used smartphones. The company acquires products from individual consumers through its uSell.com Website, as well as from various carriers, big box retailers, and manufacturers through its subsidiary, We Sell Cellular. It sells its devices to professional buyers, such as brick and mortar retailers, online retailers, large and small wholesalers, small repair shops, large refurbishing providers, and insurance companies, as well as directly to consumers through third party e-commerce platforms.