Powell Max Limited (NASDAQ:PMAX) Sees Large Decrease in Short Interest

Powell Max Limited (NASDAQ:PMAX) was the target of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 17,971 shares, a drop of 64.8% from the May 14th total of 51,081 shares. Based on an average trading volume of 240,989 shares, the short-interest ratio is currently 0.1 days. Approximately 1.0% of the company’s shares are sold short.

Powell Max Price Performance

NASDAQ PMAX opened at $2.10 on Friday. Powell Max has a 1-year low of $1.70 and a 1-year high of $52.00. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.07. The business’s 50-day simple moving average is $2.76 and its 200-day simple moving average is $13.60.

Powell Max (NASDAQ:PMAX) last released its quarterly earnings results on Thursday, April 30th. The company reported ($0.11) EPS for the quarter. The company had revenue of $1.54 million during the quarter.

Analysts Set New Price Targets

PMAX has been the topic of several research analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Powell Max in a research report on Friday, April 10th. Wall Street Zen raised Powell Max to a “hold” rating in a research note on Saturday, May 16th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Powell Max Company Profile

Powell Max Limited is a financial communications services provider. Powell Max Limited is based in JERSEY CITY, N.J.