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

Powell Max Limited (NASDAQ:PMAX) was the recipient of a large drop in short interest in June. As of June 30th, there was short interest totaling 48,021 shares, a drop of 55.8% from the June 15th total of 108,633 shares. Based on an average daily trading volume, of 465,957 shares, the days-to-cover ratio is presently 0.1 days. Currently, 2.8% of the shares of the company are short sold.

Powell Max Stock Performance

NASDAQ:PMAX traded down $0.01 during trading hours on Thursday, reaching $1.65. The stock had a trading volume of 28,563 shares, compared to its average volume of 817,152. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.80 and a current ratio of 1.80. The stock has a 50 day simple moving average of $2.36 and a 200 day simple moving average of $10.08. Powell Max has a 12-month low of $1.50 and a 12-month high of $52.00.

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on PMAX. Wall Street Zen upgraded shares of Powell Max to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Powell Max in a research note on Wednesday, July 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company 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.