Focus Universal, Inc. (NASDAQ:FCUV) Sees Large Growth in Short Interest

Focus Universal, Inc. (NASDAQ:FCUV) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 53,009 shares, a growth of 282.8% from the May 31st total of 13,849 shares. Based on an average daily volume of 642,569 shares, the days-to-cover ratio is currently 0.1 days. Approximately 9.8% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Focus Universal in a report on Wednesday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Focus Universal Stock Down 8.2%

Shares of FCUV traded down $0.39 during mid-day trading on Friday, hitting $4.37. 481,541 shares of the company traded hands, compared to its average volume of 5,431,621. Focus Universal has a 1-year low of $1.84 and a 1-year high of $210.00. The company has a market capitalization of $3.07 million, a PE ratio of -0.86 and a beta of -0.41. The business has a 50 day moving average of $4.10 and a 200 day moving average of $25.41.

Focus Universal (NASDAQ:FCUV) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($1.48) EPS for the quarter, beating the consensus estimate of ($5.33) by $3.85. The firm had revenue of $0.05 million during the quarter, compared to analyst estimates of $0.40 million. Focus Universal had a negative net margin of 4,243.03% and a negative return on equity of 357.95%.

Focus Universal Company Profile

Focus Universal Inc develops and manufactures smart instrumentation platform and device. It offers Ubiquitor, a wireless sensor device with a universal sensor node and gateway system that uses a computer or mobile device as the output display module that displays the readings of various sensor nodes. The company's universal smart instrumentation platform (USIP) utilizes mobile devices or computers to communicate with smart devices, such as sensors, instruments, probes, and controllers to monitor and control any functions.