Powell Max Limited (NASDAQ:PMAX) Shares Shorted: Short Interest Up 638.2% in September

Powell Max Limited (NASDAQ:PMAX) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 20,936 shares, an increase of 638.2% from the August 31st total of 2,836 shares. Based on an average daily volume of 181,911 shares, the short-interest ratio is presently 0.1 days. Approximately 1.2% of the company’s shares are sold short.

Key Stories Impacting Powell Max

Here are the key news stories impacting Powell Max this week:

• Neutral Sentiment: Trading in PMAX was halted repeatedly under “LULD Pause” rules, which are triggered when a stock moves outside permitted price bands. The repeated pauses indicate unusually high volatility and limited trading stability, but do not by themselves establish a lasting direction.
• Neutral Sentiment: Short-interest data was inconsistent across reports. One update stated that short interest as of September 15 rose 638.2% from August 31 to 20,936 shares, equal to 1.2% of shares outstanding and only 0.1 days of average trading volume. A later update reported zero shares short as of September 24, suggesting the figures may reflect different reporting dates or a data revision.
• Negative Sentiment: The reported increase in short interest could have added to selling pressure and weakened sentiment, although the very low short-interest ratio indicates that short positioning was not large relative to trading volume.

Wall Street Analyst Weigh In

Separately, 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, Based on data from MarketBeat, Powell Max currently has an average rating of “Sell”.

Powell Max Stock Down 25.2%

Shares of PMAX stock traded down $0.42 during trading hours on Friday, reaching $1.23. 979,573 shares of the stock traded hands, compared to its average volume of 1,034,369. 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 1-year low of $0.75 and a 1-year high of $52.00. The business has a fifty day moving average price of $1.30 and a 200 day moving average price of $2.35.

About Powell Max

Powell Max Limited is a holding company that operates through subsidiaries providing financial printing and related corporate communication services. The company primarily serves businesses and professional advisers that require documents for public offerings, regulatory filings, shareholder communications and other corporate activities.

Its services generally include document design, typesetting, translation, printing, binding and distribution. Powell Max also provides electronic document and related support services, helping clients prepare and distribute prospectuses, annual reports, circulars, announcements and other financial or corporate materials.

The company’s operations are focused in Hong Kong, where it serves listed companies, companies preparing for public offerings and professional firms involved in capital markets and corporate transactions.