Powerus Corporation (NASDAQ:PUSA) Shares Shorted: Short Interest Up 83.1% in October

Key Points

• Short interest surged 83.1% in October to 3.81 million shares, representing about 3.8% of outstanding stock and 2.2 days to cover.
• Analyst sentiment is mixed, with one Buy, one Hold, and one Sell rating; the overall consensus is Hold with a $7.50 average price target.
• PUSA shares fell to $1.69, near their $1.64 one-year low, while the company reported $0.71 million in quarterly revenue, negative net margin of 154.2%, and a projected full-year loss of $0.13 per share.

Powerus Corporation (NASDAQ:PUSA - Get Free Report) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 3,806,986 shares, a growth of 83.1% from the September 30th total of 2,079,422 shares. Based on an average daily volume of 1,740,593 shares, the days-to-cover ratio is currently 2.2 days. Approximately 3.8% of the company's stock are short sold.

Analyst Upgrades and Downgrades

Several analysts have commented on PUSA shares. Weiss Ratings reiterated a "sell (d-)" rating on shares of Powerus in a research note on Monday, September 21st. Roth Capital began coverage on Powerus in a research report on Wednesday, August 26th. They set a "buy" rating and a $7.50 price objective on the stock. Wall Street Zen upgraded Powerus from a "sell" rating to a "hold" rating in a report on Saturday, August 15th. Finally, Zacks Research raised Powerus to a "hold" rating in a research report on Thursday, August 27th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $7.50.

Institutional Investors Weigh In On Powerus

Hedge funds and other institutional investors have recently made changes to their positions in the business. Thrive Wealth Management LLC bought a new position in shares of Powerus in the second quarter worth about $120,000. Bank of America Corp DE bought a new position in shares of Powerus during the 2nd quarter valued at approximately $384,000. BlackRock Inc. purchased a new stake in Powerus in the 2nd quarter worth approximately $394,000. Finally, PEAK6 LLC purchased a new stake in Powerus in the 2nd quarter worth approximately $1,197,000.

Powerus Stock Performance

Shares of NASDAQ PUSA traded down $0.12 during midday trading on Friday, hitting $1.69. 790,388 shares of the stock traded hands, compared to its average volume of 1,199,934. The firm has a market capitalization of $276.89 million, a P/E ratio of -5.83 and a beta of 5.19. Powerus has a one year low of $1.64 and a one year high of $6.57. The firm has a 50-day moving average of $3.07 and a two-hundred day moving average of $3.76.

Powerus (NASDAQ:PUSA - Get Free Report) last issued its quarterly earnings data on Thursday, August 13th. The company reported ($0.00) EPS for the quarter. Powerus had a negative return on equity of 12.81% and a negative net margin of 154.20%. The company had revenue of $0.71 million during the quarter. Equities analysts forecast that Powerus will post -0.13 earnings per share for the current fiscal year.

Powerus Company Profile

We own and operate two public golf country clubs in Florida that each features a golf-club, consisting of over 289 acres of multi-service recreational property. Our golf country clubs include two golf-courses with over 13,000 yards of combined fairways, clubhouses boasting food and beverage options, aquatic golf ranges, and pro shops to assist any level of golfer. We believe our golf country clubs are a serene combination of approachable golf and nature that are designed to appeal to local residents and tourists alike.

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