PhoneX Holdings, Inc. (OTCMKTS:PXHI) Short Interest Up 1,066.7% in August

Key Points

• PhoneX Holdings experienced a dramatic increase in short interest of 1,066.7% in August, rising to 7,000 shares from 600 shares by August 15th.
• The stock saw an 8.6% increase, trading at $3.15 with a market capitalization of $107.01 million.
• For the last quarter, PhoneX reported earnings of $0.74 EPS with revenue of $2.36 million.

PhoneX Holdings, Inc. (OTCMKTS:PXHI - Get Free Report) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 7,000 shares, a growth of 1,066.7% from the August 15th total of 600 shares. Based on an average daily volume of 66,400 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company's stock are short sold. Approximately 0.0% of the company's stock are short sold. Based on an average daily volume of 66,400 shares, the days-to-cover ratio is currently 0.1 days.

PhoneX Stock Up 8.6%

PhoneX stock traded up $0.25 during trading hours on Thursday, reaching $3.15. 36,783 shares of the company's stock were exchanged, compared to its average volume of 18,833. The firm has a market capitalization of $107.01 million, a PE ratio of 19.69 and a beta of 2.14. The firm's 50 day simple moving average is $1.65 and its 200 day simple moving average is $1.50. PhoneX has a twelve month low of $1.00 and a twelve month high of $3.25.

PhoneX (OTCMKTS:PXHI - Get Free Report) last posted its 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 during the quarter.

About PhoneX

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.