Plutus Financial Group Limited (NASDAQ:PLUT) Short Interest Up 78.9% in December

Plutus Financial Group Limited (NASDAQ:PLUT) saw a significant growth in short interest in December. As of December 31st, there was short interest totaling 2,814 shares, a growth of 78.9% from the December 15th total of 1,573 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 9,301 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 9,301 shares, the short-interest ratio is currently 0.3 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 note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Plutus Financial Group Price Performance

Shares of NASDAQ:PLUT traded up $0.08 during trading on Thursday, hitting $3.28. The company had a trading volume of 25,409 shares, compared to its average volume of 9,286. The company has a fifty day simple moving average of $3.39 and a two-hundred day simple moving average of $3.25. Plutus Financial Group has a one year low of $2.04 and a one year high of $4.22.

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.