Plutus Financial Group Limited (NASDAQ:PLUT) Sees Significant Decrease in Short Interest

Plutus Financial Group Limited (NASDAQ:PLUT) was the target of a significant decrease in short interest in March. As of March 13th, there was short interest totaling 2,829 shares, a decrease of 14.8% from the February 26th total of 3,321 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 1,982 shares, the days-to-cover ratio is presently 1.4 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Plutus Financial Group in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Plutus Financial Group Stock Performance

Shares of NASDAQ PLUT opened at $3.18 on Wednesday. The business’s 50-day moving average price is $3.16 and its two-hundred day moving average price is $3.34. Plutus Financial Group has a one year low of $2.04 and a one year high of $4.19.

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.