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

Focus Universal, Inc. (NASDAQ:FCUV) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 7,532 shares, a drop of 73.6% from the September 30th total of 28,537 shares. Based on an average trading volume of 31,109 shares, the short-interest ratio is currently 0.2 days. Approximately 1.4% of the company’s stock are sold short.

Hedge Funds Weigh In On Focus Universal

An institutional investor recently bought a new position in Focus Universal stock. Oppenheimer & Co. Inc. acquired a new stake in Focus Universal, Inc. (NASDAQ:FCUV) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 35,601 shares of the company’s stock, valued at approximately $148,000. Oppenheimer & Co. Inc. owned approximately 5.09% of Focus Universal at the end of the most recent reporting period. 4.42% of the stock is currently owned by institutional investors.

Focus Universal Stock Up 0.3%

Shares of FCUV stock traded up $0.01 during trading on Wednesday, reaching $3.48. The company’s stock had a trading volume of 3,637 shares, compared to its average volume of 1,250,891. The business has a fifty day moving average price of $6.33 and a 200-day moving average price of $10.55. The company has a quick ratio of 2.34, a current ratio of 2.44 and a debt-to-equity ratio of 1.33. The company has a market cap of $2.45 million, a price-to-earnings ratio of -0.23 and a beta of -0.25. Focus Universal has a one year low of $1.79 and a one year high of $174.80.

Focus Universal (NASDAQ:FCUV) last announced 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). The business had revenue of $0.68 million for the quarter, compared to analyst estimates of $0.40 million. Focus Universal had a negative return on equity of 151.07% and a negative net margin of 637.15%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Wall Street Zen upgraded Focus Universal from a “sell” rating to a “hold” rating in a report on Sunday, October 4th. Weiss Ratings lowered Focus Universal from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, September 18th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock currently has an average rating of “Sell”.

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.