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

Powell Max Limited (NASDAQ:PMAX) was the target of a large decrease in short interest in the month of March. As of March 31st, there was short interest totaling 52,715 shares, a decrease of 43.8% from the March 15th total of 93,791 shares. Approximately 2.9% of the shares of the company are short sold. Based on an average daily trading volume, of 5,270,681 shares, the short-interest ratio is presently 0.0 days.

Powell Max Price Performance

Shares of NASDAQ PMAX traded down $0.09 during trading hours on Wednesday, hitting $0.22. 4,044,735 shares of the stock were exchanged, compared to its average volume of 3,152,349. The company’s 50 day moving average is $1.28 and its 200 day moving average is $1.99. Powell Max has a one year low of $0.21 and a one year high of $8.96.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Powell Max in a report on Friday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

About Powell Max

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