Plutus Financial Group Limited (NASDAQ:PLUT) Short Interest Update

Plutus Financial Group Limited (NASDAQ:PLUT) saw a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 2,718 shares, a drop of 44.6% from the June 15th total of 4,909 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 1,943 shares, the days-to-cover ratio is presently 1.4 days.

Plutus Financial Group Price Performance

Shares of Plutus Financial Group stock opened at $2.99 on Wednesday. The business’s 50 day simple moving average is $3.00 and its 200 day simple moving average is $3.10. Plutus Financial Group has a 52-week low of $1.88 and a 52-week high of $4.19.

Plutus Financial Group (NASDAQ:PLUT) last released its quarterly earnings results on Monday, May 11th. The company reported ($0.10) earnings per share for the quarter. The business had revenue of $0.38 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of Plutus Financial Group from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, May 19th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

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.