Short Interest in Powell Max Limited (NASDAQ:PMAX) Increases By 504.5%

Powell Max Limited (NASDAQ:PMAX) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 108,633 shares, a growth of 504.5% from the May 31st total of 17,971 shares. Based on an average trading volume of 789,447 shares, the short-interest ratio is presently 0.1 days. Approximately 6.3% of the shares of the company are short sold.

Powell Max Stock Performance

Shares of NASDAQ:PMAX traded up $0.04 during trading on Friday, hitting $2.40. 25,683 shares of the company were exchanged, compared to its average volume of 715,372. Powell Max has a 52-week low of $1.70 and a 52-week high of $52.00. The stock has a 50 day moving average of $2.52 and a 200 day moving average of $12.26. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.07.

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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Powell Max in a research note on Friday, April 10th. Wall Street Zen upgraded Powell Max to a “hold” rating in a research note on Saturday, May 16th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently 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.