Plutus Financial Group Limited (NASDAQ:PLUT) Sees Significant Decrease in Short Interest

Plutus Financial Group Limited (NASDAQ:PLUT) was the recipient of a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 3,321 shares, a drop of 21.3% from the February 12th total of 4,222 shares. Based on an average daily volume of 1,788 shares, the short-interest ratio is presently 1.9 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 1,788 shares, the short-interest ratio is presently 1.9 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Plutus Financial Group in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Plutus Financial Group has a consensus rating of “Sell”.

Plutus Financial Group Trading Down 1.1%

Shares of NASDAQ:PLUT traded down $0.04 during midday trading on Friday, reaching $3.17. 1,666 shares of the company’s stock traded hands, compared to its average volume of 2,062. The company has a fifty day simple moving average of $3.18 and a two-hundred day simple moving average of $3.33. Plutus Financial Group has a 1 year low of $2.04 and a 1 year high of $4.19.

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.