Short Interest in Pitanium Limited (NASDAQ:PTNM) Declines By 45.1%

Key Points

• Short interest in Pitanium Limited (NASDAQ: PTNM) decreased by 45.1% in September, falling from 311,200 to 170,700 shares.
• Pitanium currently holds a consensus rating of "Sell" as indicated by Weiss Ratings, which recently reissued a "sell (e-)" rating.
• Amidst market fluctuations, Pitanium stock traded at $10.39 recently, with a fifty-two week price range between $0.98 and $14.79.

Pitanium Limited (NASDAQ:PTNM - Get Free Report) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totaling 170,700 shares, a drop of 45.1% from the September 15th total of 311,200 shares. Based on an average daily trading volume, of 2,390,000 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 2,390,000 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a "sell (e-)" rating on shares of Pitanium in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Sell".

Pitanium Price Performance

Pitanium stock traded down $1.73 during mid-day trading on Tuesday, hitting $10.39. 1,490,600 shares of the company's stock traded hands, compared to its average volume of 832,722. The company has a 50 day moving average of $6.22. Pitanium has a fifty-two week low of $0.98 and a fifty-two week high of $14.79.

Pitanium Company Profile

Our Operating Subsidiary is a retailer in Hong Kong focusing on the sale of its proprietary brand products, namely PITANIUM and BIG PI online. It also generates revenue from the offline sale at six retail stores situated in Hong Kong's premier shopping destinations. This positioning not only enhances the brand's visibility but also aligns it with the discerning tastes of its target demographic.

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