PhoneX Holdings, Inc. (OTCMKTS:PXHI) Sees Significant Decline in Short Interest

Key Points

• PhoneX Holdings, Inc. experienced a significant decline in short interest in September, dropping by 83.9% from 5,600 shares to only 900 shares as of September 30th.
• The company's stock is currently priced at $2.15, with a 52-week high of $3.25 and a low of $1.00.
• For the last quarter, PhoneX reported earnings of $0.74 per share and a total revenue of $2.36 million.

PhoneX Holdings, Inc. (OTCMKTS:PXHI - Get Free Report) was the target of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 900 shares, a drop of 83.9% from the September 15th total of 5,600 shares. Based on an average trading volume of 84,800 shares, the days-to-cover ratio is presently 0.0 days. Based on an average trading volume of 84,800 shares, the days-to-cover ratio is presently 0.0 days.

PhoneX Stock Performance

PhoneX stock opened at $2.15 on Friday. PhoneX has a fifty-two week low of $1.00 and a fifty-two week high of $3.25. The business's 50-day simple moving average is $2.13 and its two-hundred day simple moving average is $1.65. The company has a market cap of $72.91 million, a PE ratio of 13.44 and a beta of 2.17.

PhoneX (OTCMKTS:PXHI - Get Free Report) last announced its quarterly earnings results on Thursday, August 14th. The company reported $0.74 earnings per share (EPS) for the quarter. The firm had revenue of $2.36 million for the quarter.

PhoneX Company Profile

PhoneX Holdings, Inc operates as a market maker of used smartphones. The company acquires products from individual consumers through its uSell.com Website, as well as from various carriers, big box retailers, and manufacturers through its subsidiary, We Sell Cellular. It sells its devices to professional buyers, such as brick and mortar retailers, online retailers, large and small wholesalers, small repair shops, large refurbishing providers, and insurance companies, as well as directly to consumers through third party e-commerce platforms.

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