Plutus Financial Group Limited (NASDAQ:PLUT) Shares Shorted: Short Interest Up 343.9% in September

Plutus Financial Group Limited (NASDAQ:PLUT) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totaling 3,081 shares, a growth of 343.9% from the September 15th total of 694 shares. Based on an average daily volume of 3,325 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.0% of the shares of the stock are sold short.

Plutus Financial Group Stock Performance

Shares of NASDAQ:PLUT traded down $0.12 during midday trading on Friday, hitting $2.07. The company’s stock had a trading volume of 304,744 shares, compared to its average volume of 7,787. The business’s 50 day simple moving average is $2.53 and its 200 day simple moving average is $2.84. Plutus Financial Group has a 12-month low of $1.75 and a 12-month high of $4.00.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Plutus Financial Group from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, September 24th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, the company currently has a consensus rating of “Sell”.

Plutus Financial Group Company Profile

Plutus Financial Group Limited (NASDAQ: PLUT) is a financial services holding company that operates primarily through subsidiaries in Hong Kong. The company provides services to individual, corporate and institutional clients in areas related to securities and capital markets.

Its principal activities include securities brokerage and dealing, corporate finance advisory and asset management. These services may include executing securities transactions, advising companies on financing and capital-markets matters, and managing investment portfolios, subject to applicable regulatory requirements.

Plutus Financial Group is incorporated in the Cayman Islands and conducts its operating activities through Hong Kong-based entities.