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

Powell Max Limited (NASDAQ:PMAX) saw a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 12,320 shares, a decline of 85.9% from the September 30th total of 87,151 shares. Currently, 0.7% of the company’s shares are short sold. Based on an average daily volume of 1,820,014 shares, the short-interest ratio is presently 0.0 days.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Powell Max in a report on Friday, October 2nd. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, Powell Max presently has an average rating of “Sell”.

Powell Max Price Performance

Shares of Powell Max stock traded down $0.01 during midday trading on Wednesday, reaching $0.49. The company had a trading volume of 319,069 shares, compared to its average volume of 1,117,062. The stock has a fifty day moving average price of $0.88 and a 200 day moving average price of $6.30. Powell Max has a fifty-two week low of $0.47 and a fifty-two week high of $33.50.

Powell Max Company Profile

Powell Max Limited (NASDAQ: PMAX) is a Hong Kong-based digital marketing services provider. The company helps advertisers promote their brands, products and services through online marketing campaigns and other digital channels.

Its services include campaign planning, digital advertising, social media marketing, search engine marketing, content development and related creative and data-driven marketing solutions. Powell Max works with businesses seeking to reach consumers through internet-based platforms.

The company primarily serves advertisers in Hong Kong and the broader Greater China market.