Focus Universal, Inc. (NASDAQ:FCUV) Sees Significant Decrease in Short Interest

Focus Universal, Inc. (NASDAQ:FCUV) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 15,150 shares, a decline of 45.5% from the August 15th total of 27,808 shares. Based on an average trading volume of 241,597 shares, the short-interest ratio is presently 0.1 days. Currently, 2.8% of the company’s shares are short sold.

Hedge Funds Weigh In On Focus Universal

A hedge fund recently bought a new stake in Focus Universal stock. Citadel Advisors LLC purchased a new position in shares of Focus Universal, Inc. (NASDAQ:FCUV) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,539 shares of the company’s stock, valued at approximately $44,000. Citadel Advisors LLC owned 1.65% of Focus Universal at the end of the most recent reporting period. Institutional investors own 4.42% of the company’s stock.

Analysts Set New Price Targets

FCUV has been the topic of a number of analyst reports. Weiss Ratings raised shares of Focus Universal from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, September 3rd. Wall Street Zen raised shares of Focus Universal to a “hold” rating in a research report on Saturday, August 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Focus Universal currently has an average rating of “Sell”.

Focus Universal Trading Down 3.7%

FCUV stock traded down $0.20 during mid-day trading on Wednesday, hitting $5.18. 55,831 shares of the company were exchanged, compared to its average volume of 324,431. Focus Universal has a 12-month low of $1.79 and a 12-month high of $210.00. The firm has a market capitalization of $3.63 million, a P/E ratio of -0.35 and a beta of -0.65. The business has a fifty day simple moving average of $6.90 and a 200-day simple moving average of $7.90. The company has a quick ratio of 2.34, a current ratio of 2.44 and a debt-to-equity ratio of 1.33.

Focus Universal (NASDAQ:FCUV) last issued its quarterly earnings data on Friday, August 14th. The company reported ($2.69) EPS for the quarter, missing the consensus estimate of ($1.33) by ($1.36). The company had revenue of $0.68 million during the quarter, compared to analyst estimates of $0.40 million. Focus Universal had a negative return on equity of 151.07% and a negative net margin of 637.15%.

Focus Universal Company Profile

Focus Universal Inc develops and manufactures smart instrumentation platform and device. It offers Ubiquitor, a wireless sensor device with a universal sensor node and gateway system that uses a computer or mobile device as the output display module that displays the readings of various sensor nodes. The company's universal smart instrumentation platform (USIP) utilizes mobile devices or computers to communicate with smart devices, such as sensors, instruments, probes, and controllers to monitor and control any functions.