Short Interest in Focus Universal, Inc. (NASDAQ:FCUV) Grows By 282.8%

Focus Universal, Inc. (NASDAQ:FCUV) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 53,009 shares, a growth of 282.8% from the May 31st total of 13,849 shares. Based on an average daily trading volume, of 642,569 shares, the short-interest ratio is presently 0.1 days. Approximately 9.8% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Focus Universal in a research report on Wednesday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Focus Universal Stock Performance

FCUV traded down $0.48 during trading on Monday, reaching $3.89. 72,005 shares of the company traded hands, compared to its average volume of 1,067,033. Focus Universal has a 12-month low of $1.84 and a 12-month high of $210.00. The firm has a fifty day simple moving average of $4.10 and a 200 day simple moving average of $24.57. The company has a market cap of $2.72 million, a P/E ratio of -0.76 and a beta of -0.41.

Focus Universal (NASDAQ:FCUV) last released its earnings results on Thursday, May 14th. The company reported ($1.48) EPS for the quarter, topping the consensus estimate of ($5.33) by $3.85. Focus Universal had a negative net margin of 4,243.03% and a negative return on equity of 357.95%. The firm had revenue of $0.05 million for the quarter, compared to the consensus estimate of $0.40 million.

About Focus Universal

Focus Universal Inc develops and manufactures smart instrumentation platform and device. It offers Ubiquitor, a wireless sensor device with a universal sensor node and gateway system that uses a computer or mobile device as the output display module that displays the readings of various sensor nodes. The company's universal smart instrumentation platform (USIP) utilizes mobile devices or computers to communicate with smart devices, such as sensors, instruments, probes, and controllers to monitor and control any functions.