Pax Global Tech (OTCMKTS:PXGYF) Sees Large Increase in Short Interest

Pax Global Tech (OTCMKTS:PXGYF) was the target of a large increase in short interest in July. As of July 15th, there was short interest totaling 48,544 shares, an increase of 8,823.5% from the June 30th total of 544 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 15,605 shares, the days-to-cover ratio is presently 3.1 days.

Pax Global Tech Stock Performance

OTCMKTS:PXGYF opened at $0.44 on Friday. The stock’s 50 day moving average price is $0.45 and its 200 day moving average price is $0.54. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.76 and a current ratio of 4.50. Pax Global Tech has a 52 week low of $0.37 and a 52 week high of $0.85.

Pax Global Tech Company Profile

Pax Global Technology Limited is a provider of electronic payment solutions, specializing in the design, development and manufacture of point-of-sale (POS) terminals and related software. The company’s product portfolio encompasses countertop, portable and mobile payment devices, each equipped with secure card readers, touchscreen interfaces and support for contactless and mobile wallet payments. Pax Global Technology also supplies integrated software platforms that enable remote device management, firmware updates and real-time transaction monitoring.

In addition to hardware, Pax offers a suite of software services that streamline payment acceptance and terminal administration.