PhoneX Holdings, Inc. (OTCMKTS:PXHI) Sees Significant Decrease in Short Interest

PhoneX Holdings, Inc. (OTCMKTS:PXHI) was the recipient of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 99 shares, a decrease of 50.5% from the September 15th total of 200 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 2,337 shares, the days-to-cover ratio is currently 0.0 days.

PhoneX Price Performance

Shares of PXHI opened at $1.16 on Wednesday. PhoneX has a 1 year low of $0.86 and a 1 year high of $2.23. The stock has a 50 day simple moving average of $1.16 and a two-hundred day simple moving average of $1.20. The firm has a market cap of $40.36 million, a P/E ratio of 1.45 and a beta of 0.64.

PhoneX (OTCMKTS:PXHI) last announced its quarterly earnings data on Friday, August 14th. The company reported $0.01 earnings per share for the quarter. The business had revenue of $2.38 million during the quarter.

PhoneX Company Profile

PhoneX Holdings, Inc operates as a market maker of used smartphones. The company acquires products from individual consumers through its uSell.com Website, as well as from various carriers, big box retailers, and manufacturers through its subsidiary, We Sell Cellular. It sells its devices to professional buyers, such as brick and mortar retailers, online retailers, large and small wholesalers, small repair shops, large refurbishing providers, and insurance companies, as well as directly to consumers through third party e-commerce platforms.