Powell Max Limited (NASDAQ:PMAX) Stock Short Interest Report for September

Powell Max Limited (NASDAQ:PMAX) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 87,151 shares, a growth of 316.3% from the September 15th total of 20,936 shares. Based on an average daily volume of 6,937,684 shares, the days-to-cover ratio is currently 0.0 days. Approximately 5.1% of the company’s stock are short sold.

Powell Max Price Performance

Shares of NASDAQ PMAX traded down $0.08 during mid-day trading on Friday, hitting $0.69. The company had a trading volume of 124,730 shares, compared to its average volume of 4,928,697. The firm has a 50-day simple moving average of $1.13 and a two-hundred day simple moving average of $2.02. Powell Max has a one year low of $0.68 and a one year high of $52.00.

Analysts Set New Price Targets

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

Powell Max Company Profile

Powell Max Limited (NASDAQ: PMAX) is a holding company that provides marketing and advertising services through its operating subsidiaries. The company focuses on helping clients develop and execute promotional campaigns across traditional and digital channels.

Its services include public relations, event management, digital marketing, social media marketing and related communications activities. These offerings are designed to support brand awareness, customer engagement and corporate communications.

Powell Max is based in Hong Kong and primarily serves clients in the Hong Kong market.