Powell Max Limited (NASDAQ:PMAX) Short Interest Down 78.5% in July

Powell Max Limited (NASDAQ:PMAX) was the target of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 3,653 shares, a decline of 78.5% from the July 15th total of 17,029 shares. Based on an average daily volume of 1,618,282 shares, the short-interest ratio is presently 0.0 days. Approximately 0.2% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

PMAX has been the subject of several recent analyst reports. Wall Street Zen upgraded Powell Max to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Powell Max in a research report on Wednesday, July 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Powell Max Price Performance

NASDAQ:PMAX traded down $0.09 during midday trading on Thursday, reaching $1.56. The stock had a trading volume of 35,768 shares, compared to its average volume of 1,022,492. Powell Max has a 1-year low of $1.43 and a 1-year high of $52.00. 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 firm’s fifty day simple moving average is $1.86 and its 200-day simple moving average is $7.14.

About Powell Max

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