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

Powell Max Limited (NASDAQ:PMAX) was the recipient of a large decrease in short interest in June. As of June 30th, there was short interest totaling 48,021 shares, a decrease of 55.8% from the June 15th total of 108,633 shares. Based on an average daily trading volume, of 465,957 shares, the days-to-cover ratio is currently 0.1 days. Currently, 2.8% of the shares of the stock are short sold.

Powell Max Trading Down 3.9%

Shares of PMAX traded down $0.06 on Tuesday, hitting $1.59. 14,434 shares of the stock traded hands, compared to its average volume of 829,121. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.80 and a current ratio of 1.80. The stock’s 50 day moving average is $2.42 and its two-hundred day moving average is $10.41. Powell Max has a 1 year low of $1.50 and a 1 year high of $52.00.

Powell Max (NASDAQ:PMAX) last announced 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.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Wall Street Zen raised Powell Max to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings reaffirmed 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, the stock currently has a consensus rating of “Sell”.

About Powell Max

Powell Max Limited is a financial communications services provider. Powell Max Limited is based in JERSEY CITY, N.J.