Powell Max Limited (NASDAQ:PMAX) Short Interest Down 29.9% in September

Powell Max Limited (NASDAQ:PMAX) was the target of a large decline in short interest in September. As of September 15th, there was short interest totaling 612,700 shares, a decline of 29.9% from the August 31st total of 874,100 shares. Approximately 20.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,300,000 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily trading volume, of 1,300,000 shares, the days-to-cover ratio is presently 0.5 days. Approximately 20.2% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Wall Street Zen lowered Powell Max to a “strong sell” rating in a report on Saturday, July 5th. Weiss Ratings reissued a “sell (d-)” rating on shares of Powell Max in a report on Saturday, September 27th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Powell Max Price Performance

Shares of NASDAQ PMAX opened at $2.94 on Wednesday. Powell Max has a 12 month low of $1.87 and a 12 month high of $31.92. The business has a 50-day moving average of $2.59 and a 200-day moving average of $2.89.

Powell Max Company Profile

Powell Max Limited is a financial communications services provider. Powell Max Limited is based in JERSEY CITY, N.J.