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) saw a large growth in short interest in 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. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 66,400 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 66,400 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

PhoneX Trading Up 3.1%

PhoneX stock traded up $0.08 during mid-day trading on Tuesday, hitting $2.58. The stock had a trading volume of 73,480 shares, compared to its average volume of 19,787. The firm has a market capitalization of $87.57 million, a P/E ratio of 16.11 and a beta of 2.13. The firm's 50 day moving average is $1.72 and its 200 day moving average is $1.52. PhoneX has a one year low of $1.00 and a one year high of $3.25.

PhoneX (OTCMKTS:PXHI - Get Free Report) last issued its earnings results on Thursday, August 14th. The company reported $0.74 earnings per share 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.