Powell Max Limited (NASDAQ:PMAX) Short Interest Down 64.5% in July

Powell Max Limited (NASDAQ:PMAX) was the target of a significant drop in short interest in July. As of July 15th, there was short interest totaling 17,029 shares, a drop of 64.5% from the June 30th total of 48,021 shares. Based on an average daily trading volume, of 89,759 shares, the days-to-cover ratio is currently 0.2 days. Currently, 1.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

A number of research firms recently issued reports on PMAX. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Powell Max in a report on Wednesday, July 8th. Wall Street Zen upgraded shares of Powell Max to a “hold” rating in a research report on Saturday, May 16th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Powell Max Stock Performance

PMAX stock traded down $0.02 during mid-day trading on Tuesday, reaching $1.55. 33,755 shares of the stock traded hands, compared to its average volume of 908,755. 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 52-week low of $1.50 and a 52-week high of $52.00. The stock’s fifty day moving average is $2.13 and its 200-day moving average is $9.04.

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

Powell Max Company Profile

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