Short Interest in Pheton Holdings Ltd (NASDAQ:PTHL) Rises By 47.8%

Pheton Holdings Ltd (NASDAQ:PTHL) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 25,233 shares, a growth of 47.8% from the December 31st total of 17,067 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 7,384,767 shares, the short-interest ratio is currently 0.0 days. Based on an average daily trading volume, of 7,384,767 shares, the short-interest ratio is currently 0.0 days. Approximately 0.4% of the company’s shares are sold short.

Pheton Stock Up 1.5%

PTHL opened at $0.48 on Friday. The company has a fifty day moving average price of $0.53 and a two-hundred day moving average price of $2.18. Pheton has a 52 week low of $0.39 and a 52 week high of $32.00.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Pheton in a research note on Friday, October 31st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Pheton Company Profile

Pheton Holdings Ltd. operates as a holding company with interests in providing healthcare solutions. The firm through its subsidiaries engages in the development and commercialization of brachytherapy TPS specifically used for radioactive particle implantation, a type of radiotherapy used in treating cancer patients by placing radioactive sources inside the patient that kill cancer cells and shrink tumors. The company was founded in 1998 and is headquartered in Beijing, China.