Focus Universal, Inc. (NASDAQ:FCUV) Sees Significant Decrease in Short Interest

Focus Universal, Inc. (NASDAQ:FCUV) saw a large drop in short interest in August. As of August 31st, there was short interest totaling 15,150 shares, a drop of 45.5% from the August 15th total of 27,808 shares. Based on an average daily volume of 241,597 shares, the short-interest ratio is presently 0.1 days. Currently, 2.8% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Wall Street Zen raised shares of Focus Universal to a “hold” rating in a report on Saturday, August 29th. Weiss Ratings upgraded shares of Focus Universal from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, September 3rd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Institutional Trading of Focus Universal

An institutional investor recently bought a new stake in Focus Universal stock. Citadel Advisors LLC bought a new position in shares of Focus Universal, Inc. (NASDAQ:FCUV) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 11,539 shares of the company’s stock, valued at approximately $44,000. Citadel Advisors LLC owned 1.65% of Focus Universal at the end of the most recent quarter. 4.42% of the stock is owned by institutional investors and hedge funds.

Focus Universal Trading Up 1.4%

Shares of Focus Universal stock traded up $0.07 on Thursday, hitting $5.25. The stock had a trading volume of 44,937 shares, compared to its average volume of 1,449,811. The stock has a 50 day moving average of $6.90 and a 200 day moving average of $7.90. Focus Universal has a twelve month low of $1.79 and a twelve month high of $210.00. The company has a debt-to-equity ratio of 1.33, a quick ratio of 2.34 and a current ratio of 2.44. The firm has a market capitalization of $3.68 million, a P/E ratio of -0.35 and a beta of -0.65.

Focus Universal (NASDAQ:FCUV) last posted its earnings results on Friday, August 14th. The company reported ($2.69) EPS for the quarter, missing the consensus estimate of ($1.33) by ($1.36). Focus Universal had a negative return on equity of 151.07% and a negative net margin of 637.15%.The business had revenue of $0.68 million for the quarter, compared to analyst estimates of $0.40 million.

About Focus Universal

Focus Universal Inc develops and manufactures smart instrumentation platform and device. It offers Ubiquitor, a wireless sensor device with a universal sensor node and gateway system that uses a computer or mobile device as the output display module that displays the readings of various sensor nodes. The company's universal smart instrumentation platform (USIP) utilizes mobile devices or computers to communicate with smart devices, such as sensors, instruments, probes, and controllers to monitor and control any functions.