Powell Max Limited (NASDAQ:PMAX) Stock Short Interest Drops 85.9%

Powell Max Limited (NASDAQ:PMAX) saw a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 12,320 shares, a decrease of 85.9% from the September 30th total of 87,151 shares. Based on an average trading volume of 1,820,014 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.7% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Powell Max in a research report on Friday, October 2nd. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company has an average rating of “Sell”.

Powell Max Trading Down 1.6%

Shares of Powell Max stock opened at $0.49 on Thursday. The firm has a fifty day moving average of $0.88 and a two-hundred day moving average of $6.30. Powell Max has a 52 week low of $0.47 and a 52 week high of $33.50.

About Powell Max

Powell Max Limited (NASDAQ: PMAX) is a Hong Kong-based digital marketing services provider. The company helps advertisers promote their brands, products and services through online marketing campaigns and other digital channels.

Its services include campaign planning, digital advertising, social media marketing, search engine marketing, content development and related creative and data-driven marketing solutions. Powell Max works with businesses seeking to reach consumers through internet-based platforms.

The company primarily serves advertisers in Hong Kong and the broader Greater China market.