Short Interest in Powell Max Limited (NASDAQ:PMAX) Declines By 78.5%

Powell Max Limited (NASDAQ:PMAX) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 3,653 shares, a drop of 78.5% from the July 15th total of 17,029 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 1,618,282 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PMAX. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Powell Max in a research note on Wednesday, July 8th. Wall Street Zen raised Powell Max to a “hold” rating in a research report on Saturday, May 16th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Powell Max Price Performance

PMAX stock opened at $1.56 on Friday. The firm has a 50 day moving average price of $1.86 and a 200-day moving average price of $7.10. Powell Max has a 52-week low of $1.43 and a 52-week high of $52.00. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.07.

Powell Max Company Profile

Powell Max Limited is a financial communications services provider. Powell Max Limited is based in JERSEY CITY, N.J.