Portsmouth Square, Inc. (OTCMKTS:PRSI) Sees Significant Drop in Short Interest

Portsmouth Square, Inc. (OTCMKTS:PRSI) was the recipient of a large decrease in short interest in the month of April. As of April 15th, there was short interest totaling 1 shares, a decrease of 98.0% from the March 31st total of 51 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 138 shares, the days-to-cover ratio is presently 0.0 days.

Portsmouth Square Price Performance

Portsmouth Square stock traded down $0.10 during trading hours on Friday, hitting $5.90. The company had a trading volume of 100 shares, compared to its average volume of 102. The firm has a market capitalization of $4.31 million, a P/E ratio of -0.54 and a beta of -0.13. The firm’s fifty day moving average is $6.50 and its 200-day moving average is $6.01. Portsmouth Square has a fifty-two week low of $1.81 and a fifty-two week high of $9.71.

Portsmouth Square (OTCMKTS:PRSI) last released its quarterly earnings data on Thursday, February 12th. The company reported ($3.12) earnings per share for the quarter. The business had revenue of $12.66 million for the quarter.

About Portsmouth Square

Portsmouth Square, Inc (OTCMKTS: PRSI) is a Delaware‐incorporated holding company focused on the acquisition, development and licensing of intangible assets. The firm’s primary business activity involves assembling a portfolio of intellectual property rights and related digital assets with the goal of generating revenue through strategic licensing and commercialization agreements.

The company’s intangible asset holdings have historically included patents and proprietary technologies that support digital media distribution, interactive content delivery and e-commerce platforms.