Short Interest in Focus Universal, Inc. (NASDAQ:FCUV) Declines By 97.3%

Focus Universal, Inc. (NASDAQ:FCUV) saw a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 13,849 shares, a decline of 97.3% from the May 14th total of 512,663 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 250,958 shares, the days-to-cover ratio is presently 0.1 days.

Focus Universal Stock Down 1.9%

NASDAQ FCUV opened at $0.82 on Wednesday. The company has a 50-day simple moving average of $1.69 and a two-hundred day simple moving average of $9.06. Focus Universal has a 12-month low of $0.53 and a 12-month high of $52.50. The firm has a market cap of $2.29 million, a price-to-earnings ratio of -0.16 and a beta of -0.41.

Focus Universal (NASDAQ:FCUV) last released its quarterly earnings data on Thursday, May 14th. The company reported ($1.48) EPS for the quarter, missing the consensus estimate of ($1.33) by ($0.15). Focus Universal had a negative return on equity of 357.95% and a negative net margin of 4,243.03%.The company had revenue of $0.05 million during the quarter, compared to analysts’ expectations of $0.40 million.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Focus Universal in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

About Focus Universal

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.