Plutus Financial Group Limited (NASDAQ:PLUT) Sees Significant Growth in Short Interest

Plutus Financial Group Limited (NASDAQ:PLUT) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totaling 3,081 shares, a growth of 343.9% from the September 15th total of 694 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 3,325 shares, the short-interest ratio is currently 0.9 days.

Plutus Financial Group Stock Performance

Shares of Plutus Financial Group stock remained flat at $2.07 during trading on Monday. 24,943 shares of the stock were exchanged, compared to its average volume of 8,792. Plutus Financial Group has a one year low of $1.75 and a one year high of $4.00. The stock’s 50-day moving average is $2.53 and its two-hundred day moving average is $2.84.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Plutus Financial Group from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, September 24th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company currently has an average rating of “Sell”.

Plutus Financial Group Company Profile

Plutus Financial Group Limited (NASDAQ: PLUT) is a financial services holding company that operates primarily through subsidiaries in Hong Kong. The company provides services to individual, corporate and institutional clients in areas related to securities and capital markets.

Its principal activities include securities brokerage and dealing, corporate finance advisory and asset management. These services may include executing securities transactions, advising companies on financing and capital-markets matters, and managing investment portfolios, subject to applicable regulatory requirements.

Plutus Financial Group is incorporated in the Cayman Islands and conducts its operating activities through Hong Kong-based entities.