Plutus Financial Group Limited (NASDAQ:PLUT) Short Interest Down 44.6% in June

Plutus Financial Group Limited (NASDAQ:PLUT) was the target of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 2,718 shares, a decline of 44.6% from the June 15th total of 4,909 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 1,943 shares, the days-to-cover ratio is currently 1.4 days.

Plutus Financial Group Price Performance

PLUT stock opened at $2.99 on Wednesday. Plutus Financial Group has a 1-year low of $1.88 and a 1-year high of $4.19. The business’s 50 day simple moving average is $3.00 and its 200 day simple moving average is $3.10.

Plutus Financial Group (NASDAQ:PLUT) last announced its quarterly earnings results on Monday, May 11th. The company reported ($0.10) earnings per share (EPS) for the quarter. The business had revenue of $0.38 million during the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of Plutus Financial Group from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, May 19th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Plutus Financial Group Company Profile

Plutus Financial Group, Inc is a diversified holding company focused on mortgage finance and credit services in the United States. Through its primary subsidiary, Plutus Financial, Inc, the company originates, underwrites and services residential and commercial mortgage loans. Since its incorporation in the early 1980s and subsequent listing on the NASDAQ, Plutus Financial Group has built its reputation on providing tailored financing solutions to homebuyers, real estate investors and developers.

The company’s product offerings include conventional mortgage loans, FHA and VA‐insured programs, jumbo and non‐conforming loans, construction financing and home equity lines of credit.