Short Interest in Plutus Financial Group Limited (NASDAQ:PLUT) Decreases By 39.1%

Plutus Financial Group Limited (NASDAQ:PLUT) was the recipient of a large drop in short interest in July. As of July 31st, there was short interest totaling 959 shares, a drop of 39.1% from the July 15th total of 1,574 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 1,011 shares, the days-to-cover ratio is presently 0.9 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Plutus Financial Group in a research note on Friday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Plutus Financial Group Trading Down 6.4%

Shares of NASDAQ PLUT traded down $0.17 during mid-day trading on Tuesday, hitting $2.54. 100 shares of the stock traded hands, compared to its average volume of 705. Plutus Financial Group has a twelve month low of $1.88 and a twelve month high of $4.19. The firm has a 50 day simple moving average of $2.89 and a two-hundred day simple moving average of $3.02.

About Plutus Financial Group

Plutus Financial Group, Inc is a diversified holding company focused on mortgage finance and credit services in the United States. Through its primary subsidiary, Plutus Financial, Inc, the company originates, underwrites and services residential and commercial mortgage loans. Since its incorporation in the early 1980s and subsequent listing on the NASDAQ, Plutus Financial Group has built its reputation on providing tailored financing solutions to homebuyers, real estate investors and developers.

The company’s product offerings include conventional mortgage loans, FHA and VA‐insured programs, jumbo and non‐conforming loans, construction financing and home equity lines of credit.