Plutus Financial Group Limited (NASDAQ:PLUT) Sees Significant Drop in Short Interest

Plutus Financial Group Limited (NASDAQ:PLUT) was the recipient of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 959 shares, a decrease of 39.1% from the July 15th total of 1,574 shares. Based on an average daily trading volume, of 1,011 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.0% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Plutus Financial Group in a research report on Friday, August 14th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Plutus Financial Group Stock Down 6.4%

Shares of NASDAQ:PLUT opened at $2.55 on Thursday. Plutus Financial Group has a fifty-two week low of $1.88 and a fifty-two week high of $4.19. The firm has a 50-day simple moving average of $2.87 and a 200 day simple moving average of $3.01.

Plutus Financial Group Company Profile

Plutus Financial Group, Inc is a diversified holding company focused on mortgage finance and credit services in the United States. Through its primary subsidiary, Plutus Financial, Inc, the company originates, underwrites and services residential and commercial mortgage loans. Since its incorporation in the early 1980s and subsequent listing on the NASDAQ, Plutus Financial Group has built its reputation on providing tailored financing solutions to homebuyers, real estate investors and developers.

The company’s product offerings include conventional mortgage loans, FHA and VA‐insured programs, jumbo and non‐conforming loans, construction financing and home equity lines of credit.