Plutus Financial Group Limited (NASDAQ:PLUT) Sees Significant Decline in Short Interest

Plutus Financial Group Limited (NASDAQ:PLUT) was the target of a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 887 shares, a drop of 68.5% from the December 31st total of 2,814 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 14,829 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 14,829 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Plutus Financial Group in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Plutus Financial Group Stock Down 1.3%

NASDAQ PLUT traded down $0.04 during mid-day trading on Wednesday, reaching $3.12. 6,263 shares of the stock were exchanged, compared to its average volume of 17,498. Plutus Financial Group has a 1-year low of $2.04 and a 1-year high of $4.22. The business’s fifty day simple moving average is $3.33 and its 200 day simple moving average is $3.30.

About Plutus Financial Group

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.