Short Interest in Powell Max Limited (NASDAQ:PMAX) Drops By 55.8%

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

Powell Max Trading Up 3.7%

PMAX traded up $0.06 during trading on Wednesday, hitting $1.68. 13,878 shares of the stock traded hands, compared to its average volume of 823,029. The business has a 50 day moving average price of $2.41 and a 200 day moving average price of $10.25. Powell Max has a twelve month low of $1.50 and a twelve month high of $52.00. 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 (NASDAQ:PMAX) last posted its quarterly earnings results on Thursday, April 30th. The company reported ($0.11) EPS for the quarter. The firm had revenue of $1.54 million during the quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Weiss Ratings restated a “sell (e+)” rating on shares of Powell Max in a research note on Wednesday, July 8th. Wall Street Zen raised shares of Powell Max to a “hold” rating in a research report on Saturday, May 16th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company 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.