Short Interest in Plutus Financial Group Limited (NASDAQ:PLUT) Drops By 14.8%

Plutus Financial Group Limited (NASDAQ:PLUT) saw a significant drop in short interest in March. As of March 13th, there was short interest totaling 2,829 shares, a drop of 14.8% from the February 26th total of 3,321 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 1,982 shares, the days-to-cover ratio is currently 1.4 days.

Plutus Financial Group Trading Up 3.6%

Shares of Plutus Financial Group stock traded up $0.11 during trading hours on Tuesday, reaching $3.18. The stock had a trading volume of 8,907 shares, compared to its average volume of 9,156. The stock’s 50 day moving average is $3.16 and its 200 day moving average is $3.34. Plutus Financial Group has a twelve month low of $2.04 and a twelve month high of $4.19.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated 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, According to MarketBeat, the stock presently has an average rating of “Sell”.

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.