Focus Universal, Inc. (NASDAQ:FCUV) Stock Short Interest Jumps 67.0%

Focus Universal, Inc. (NASDAQ:FCUV) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 25,299 shares, an increase of 67.0% from the August 31st total of 15,150 shares. Based on an average trading volume of 483,708 shares, the short-interest ratio is currently 0.1 days. Currently, 4.7% of the shares of the stock are sold short.

Focus Universal Trading Down 8.7%

NASDAQ:FCUV traded down $0.41 on Wednesday, hitting $4.34. 24,103 shares of the stock were exchanged, compared to its average volume of 1,382,072. The stock has a market capitalization of $3.05 million, a price-to-earnings ratio of -0.29 and a beta of -0.65. Focus Universal has a 52 week low of $1.79 and a 52 week high of $210.00. The company has a debt-to-equity ratio of 1.33, a quick ratio of 2.34 and a current ratio of 2.44. The company’s 50-day moving average price is $7.28 and its 200 day moving average price is $6.99.

Focus Universal (NASDAQ:FCUV) last released its earnings results on Friday, August 14th. The company reported ($2.69) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.33) by ($1.36). Focus Universal had a negative net margin of 637.15% and a negative return on equity of 151.07%. The business had revenue of $0.68 million for the quarter, compared to analyst estimates of $0.40 million.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FCUV. Wall Street Zen lowered shares of Focus Universal from a “hold” rating to a “sell” rating in a research report on Saturday. Weiss Ratings cut shares of Focus Universal from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, September 18th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Hedge Funds Weigh In On Focus Universal

An institutional investor recently bought a new stake in Focus Universal stock. Citadel Advisors LLC bought a new position in shares of Focus Universal, Inc. (NASDAQ:FCUV) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 11,539 shares of the company’s stock, valued at approximately $44,000. Citadel Advisors LLC owned 1.65% of Focus Universal as of its most recent filing with the Securities and Exchange Commission. 4.42% of the stock is owned by institutional investors.

Focus Universal Company Profile

Focus Universal Inc (NASDAQ: FCUV) is a technology company focused on developing hardware and software solutions for the Internet of Things (IoT), wireless connectivity, and data monitoring. The company’s offerings are designed to connect sensors and devices, collect information, and support the remote monitoring and management of physical environments.

Its technology portfolio includes the Ubiquitor universal wireless sensor platform, which is intended to support multiple types of sensors and applications through a flexible wireless communications infrastructure.