Powell Max Limited (NASDAQ:PMAX) Sees Large Growth in Short Interest

Powell Max Limited (NASDAQ:PMAX) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 108,633 shares, an increase of 504.5% from the May 31st total of 17,971 shares. Currently, 6.3% of the company’s shares are short sold. Based on an average daily volume of 789,447 shares, the short-interest ratio is presently 0.1 days.

Powell Max Stock Performance

NASDAQ:PMAX opened at $2.36 on Friday. The company has a 50 day simple moving average of $2.51 and a two-hundred day simple moving average of $12.33. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.80 and a quick ratio of 1.80. Powell Max has a fifty-two week low of $1.70 and a fifty-two week high of $52.00.

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

Analysts Set New Price Targets

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

Powell Max Company Profile

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