DPW Holdings Inc (DPW) Short Interest Up 12.9% in June
DPW Holdings Inc (NYSEAMERICAN:DPW) was the target of a large growth in short interest in the month of June. As of June 29th, there was short interest totalling 7,121,884 shares, a growth of 12.9% from the June 15th total of 6,310,182 shares. Based on an average daily volume of 1,254,874 shares, the days-to-cover ratio is currently 5.7 days. Currently, 13.1% of the company’s shares are sold short.
Shares of DPW traded up $0.01, reaching $0.52, during midday trading on Wednesday, MarketBeat reports. The company had a trading volume of 438,631 shares, compared to its average volume of 3,021,980. DPW has a 1-year low of $0.49 and a 1-year high of $5.95.
DPW (NYSEAMERICAN:DPW) last released its quarterly earnings results on Monday, May 21st. The technology company reported ($0.17) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.09). DPW had a negative net margin of 64.32% and a negative return on equity of 120.15%. The company had revenue of $5.20 million during the quarter, compared to analyst estimates of $5.00 million.
DPW Holdings, Inc designs, develops, manufactures, and sells power system solutions for the military/aerospace, medical and industrial-telecommunication industries in North America and Europe. The company offers custom power system solutions; high-grade flexibility series power supply products, such as power rectifiers; and value-added services for original equipment manufacturers.
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