Powell Max Limited (NASDAQ:PMAX) Short Interest Down 64.8% in May

Powell Max Limited (NASDAQ:PMAX) was the recipient of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 17,971 shares, a drop of 64.8% from the May 14th total of 51,081 shares. Based on an average trading volume of 240,989 shares, the days-to-cover ratio is presently 0.1 days. Currently, 1.0% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on PMAX. Weiss Ratings reiterated a “sell (e+)” rating on shares of Powell Max in a report on Friday, April 10th. Wall Street Zen upgraded shares of Powell Max to a “hold” rating in a report on Saturday, May 16th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Powell Max Price Performance

Shares of PMAX traded up $0.12 during mid-day trading on Friday, reaching $2.10. The company had a trading volume of 644,745 shares, compared to its average volume of 923,001. The firm has a fifty day simple moving average of $2.78 and a 200-day simple moving average of $13.68. Powell Max has a fifty-two week low of $1.70 and a fifty-two week high of $52.00. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.07.

Powell Max (NASDAQ:PMAX) last announced its quarterly earnings results on Thursday, April 30th. The company reported ($0.11) earnings per share for the quarter. The business had revenue of $1.54 million for the quarter.

About Powell Max

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