Focus Universal, Inc. (NASDAQ:FCUV) Stock Short Interest Drops 68.6%

Focus Universal, Inc. (NASDAQ:FCUV) was the recipient of a large drop in short interest in the month of October. As of October 30th, there was short interest totaling 2,365 shares, a drop of 68.6% from the October 15th total of 7,532 shares. Based on an average trading volume of 12,845 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.4% of the shares of the company are sold short.

Focus Universal Price Performance

NASDAQ FCUV traded up $3.62 on Friday, reaching $6.62. 101,308,964 shares of the stock traded hands, compared to its average volume of 1,640,451. Focus Universal has a 12 month low of $1.79 and a 12 month high of $158.40. The company has a market cap of $6.48 million, a price-to-earnings ratio of -0.43 and a beta of -0.18. The firm’s fifty day simple moving average is $4.68 and its 200 day simple moving average is $8.90. The company has a quick ratio of 2.34, a current ratio of 4.91 and a debt-to-equity ratio of 1.02.

Focus Universal (NASDAQ:FCUV) last issued its quarterly earnings results on Friday, August 14th. The company reported ($2.69) EPS for the quarter, missing the consensus estimate of ($1.33) by ($1.36). Focus Universal had a negative return on equity of 86.68% and a negative net margin of 328.96%. The business had revenue of $0.68 million during the quarter, compared to the consensus estimate of $0.40 million.

Institutional Trading of Focus Universal

An institutional investor recently bought a new position in Focus Universal stock. Citadel Advisors LLC bought a new position in shares of Focus Universal, Inc. (NASDAQ:FCUV) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,539 shares of the company’s stock, valued at approximately $44,000. Citadel Advisors LLC owned approximately 1.65% of Focus Universal as of its most recent filing with the Securities and Exchange Commission (SEC). 4.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FCUV has been the subject of several recent analyst reports. Wall Street Zen raised Focus Universal from a “sell” rating to a “hold” rating in a research note on Sunday, October 4th. Weiss Ratings cut shares of Focus Universal from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, September 18th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

About Focus Universal

Focus Universal Inc. (NASDAQ: FCUV) is a technology company developing hardware and software products designed to support the Internet of Things (IoT), wireless communications and data-driven applications. Its business focuses on integrating connected devices, sensors, communications technologies and software into solutions for collecting, transmitting and analyzing information. The company has described products and development initiatives involving universal wireless platforms, smart sensors, IoT systems and related software applications.