Focus Universal, Inc. (NASDAQ:FCUV) Stock Short Interest Report for October

Focus Universal, Inc. (NASDAQ:FCUV) was the target of a large decrease in short interest in October. As of October 30th, there was short interest totaling 2,365 shares, a decrease of 68.6% from the October 15th total of 7,532 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average trading volume of 12,845 shares, the short-interest ratio is presently 0.2 days.

Analysts Set New Price Targets

FCUV has been the subject of a number of research reports. Wall Street Zen raised shares of Focus Universal from a “sell” rating to a “hold” rating in a report on Sunday, October 4th. Weiss Ratings downgraded shares of Focus Universal from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, September 18th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company has an average rating of “Sell”.

Focus Universal Stock Performance

FCUV stock traded up $3.62 during midday trading on Friday, reaching $6.62. The company had a trading volume of 101,308,964 shares, compared to its average volume of 1,640,451. The firm has a market capitalization of $6.48 million, a PE ratio of -0.43 and a beta of -0.18. The stock has a 50 day moving average price of $4.68 and a 200 day moving average price of $8.90. Focus Universal has a fifty-two week low of $1.79 and a fifty-two week high of $158.40. The company has a quick ratio of 2.34, a current ratio of 4.91 and a debt-to-equity ratio of 1.02.

Focus Universal (NASDAQ:FCUV) last announced its quarterly earnings results on Friday, August 14th. The company reported ($2.69) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.33) by ($1.36). The company had revenue of $0.68 million during the quarter, compared to the consensus estimate of $0.40 million. Focus Universal had a negative return on equity of 86.68% and a negative net margin of 328.96%.

Hedge Funds Weigh In On Focus Universal

An institutional investor recently bought a new position in Focus Universal stock. Oppenheimer & Co. Inc. bought a new position in Focus Universal, Inc. (NASDAQ:FCUV) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 35,601 shares of the company’s stock, valued at approximately $148,000. Oppenheimer & Co. Inc. owned about 5.09% of Focus Universal at the end of the most recent quarter. Hedge funds and other institutional investors own 4.42% of the company’s stock.

Focus Universal Company Profile

Focus Universal Inc. (NASDAQ: FCUV) is a technology company developing hardware and software products designed to support the Internet of Things (IoT), wireless communications and data-driven applications. Its business focuses on integrating connected devices, sensors, communications technologies and software into solutions for collecting, transmitting and analyzing information. The company has described products and development initiatives involving universal wireless platforms, smart sensors, IoT systems and related software applications.