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

Powell Max Limited (NASDAQ:PMAX) was the target of a significant drop in short interest during the month of 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 trading volume of 465,957 shares, the short-interest ratio is currently 0.1 days. Approximately 2.8% of the company’s shares are sold short.

Analyst Ratings Changes

PMAX has been the subject of several research analyst reports. Wall Street Zen raised shares of Powell Max to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings reissued 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 data from MarketBeat.com, Powell Max has a consensus rating of “Sell”.

Powell Max Trading Down 3.9%

Shares of NASDAQ:PMAX traded down $0.06 during trading on Tuesday, reaching $1.59. 14,434 shares of the stock were exchanged, compared to its average volume of 829,121. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.07. Powell Max has a 12-month low of $1.50 and a 12-month high of $52.00. The firm’s 50-day moving average price is $2.42 and its 200 day moving average price is $10.41.

Powell Max (NASDAQ:PMAX) last posted its earnings results on Thursday, April 30th. The company reported ($0.11) earnings per share (EPS) for the quarter. The company 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.