Focus Universal, Inc. (NASDAQ:FCUV) Short Interest Down 55.0% in April

Focus Universal, Inc. (NASDAQ:FCUV) was the target of a large drop in short interest in April. As of April 30th, there was short interest totaling 10,024 shares, a drop of 55.0% from the April 15th total of 22,289 shares. Based on an average daily volume of 98,009 shares, the days-to-cover ratio is currently 0.1 days. Approximately 1.3% of the company’s stock are sold short.

Focus Universal Trading Up 17.4%

NASDAQ:FCUV traded up $0.12 during midday trading on Friday, hitting $0.84. 8,290,554 shares of the company were exchanged, compared to its average volume of 877,337. The company has a fifty day simple moving average of $2.94 and a 200 day simple moving average of $13.61. Focus Universal has a fifty-two week low of $0.61 and a fifty-two week high of $52.50. The company has a market capitalization of $864,075.00, a PE ratio of -0.16 and a beta of -0.31.

Focus Universal (NASDAQ:FCUV) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($1.48) EPS for the quarter. Focus Universal had a negative return on equity of 348.74% and a negative net margin of 1,879.67%.The company had revenue of $0.05 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Focus Universal in a report on Friday, March 27th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

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.