Powell Max Limited (NASDAQ:PMAX – Get Free Report) saw a significant drop in short interest in October. As of October 15th, there was short interest totaling 12,320 shares, a drop of 85.9% from the September 30th total of 87,151 shares. Approximately 0.7% of the company’s shares are short sold. Based on an average daily volume of 1,820,014 shares, the days-to-cover ratio is presently 0.0 days.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Powell Max in a report on Friday, October 2nd. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Powell Max currently has an average rating of “Sell”.
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Powell Max Stock Down 0.6%
NASDAQ:PMAX traded down $0.00 on Tuesday, reaching $0.49. The company’s stock had a trading volume of 94,023 shares, compared to its average volume of 1,121,211. Powell Max has a 1-year low of $0.47 and a 1-year high of $33.50. The business’s 50-day moving average price is $0.93 and its two-hundred day moving average price is $6.55.
About Powell Max
Powell Max Limited (NASDAQ: PMAX) is a holding company that provides marketing and advertising services through its operating subsidiaries. The company focuses on helping clients develop and execute promotional campaigns across traditional and digital channels.
Its services include public relations, event management, digital marketing, social media marketing and related communications activities. These offerings are designed to support brand awareness, customer engagement and corporate communications.
Powell Max is based in Hong Kong and primarily serves clients in the Hong Kong market.
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