Phunware, Inc. (NASDAQ:PHUN) Short Interest Down 15.0% in April

Phunware, Inc. (NASDAQ:PHUN) saw a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 977,100 shares, a decrease of 15.0% from the March 31st total of 1,150,000 shares. Based on an average daily volume of 3,060,000 shares, the short-interest ratio is presently 0.3 days.

Phunware Stock Down 2.4 %

PHUN stock opened at $6.60 on Wednesday. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.35. Phunware has a fifty-two week low of $3.50 and a fifty-two week high of $33.51. The firm’s 50-day simple moving average is $8.71 and its 200 day simple moving average is $8.88. The stock has a market cap of $53.00 million, a PE ratio of -0.36 and a beta of 2.43.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. HC Wainwright increased their target price on shares of Phunware to $12.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Ascendiant Capital Markets dropped their target price on shares of Phunware from $75.00 to $25.00 and set a “buy” rating on the stock in a report on Monday, April 1st. Finally, Roth Mkm reissued a “buy” rating and set a $20.00 target price (down from $25.00) on shares of Phunware in a report on Wednesday, March 13th.

About Phunware

Phunware, Inc, together with its subsidiaries, provides integrated software platform that equips companies with the products, solutions, and services to engage, manage, and monetize their mobile application portfolios in the United States and internationally. The company's products and services include mobile software and application transaction solutions comprise integration of software development kit (SDK) licenses, which consists of analytics that offers data related to application use and engagement; content management that allows application administrators to create and manage app content in a cloud-based portal; alerts, notifications, and messaging, which enables brands to send messages; marketing automation that enables location-triggered messages and workflow; advertising; and location-based services, such as mapping, navigation, wayfinding, workflow, asset management, and policy enforcement.