Powerus Corporation (NASDAQ:PUSA) Sees Large Increase in Short Interest

Powerus Corporation (NASDAQ:PUSA) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 3,806,986 shares, a growth of 83.1% from the September 30th total of 2,079,422 shares. Approximately 3.8% of the shares of the company are sold short. Based on an average daily volume of 1,740,593 shares, the short-interest ratio is presently 2.2 days.

Powerus Stock Down 4.4%

PUSA traded down $0.07 during trading hours on Monday, hitting $1.61. The stock had a trading volume of 658,619 shares, compared to its average volume of 981,516. Powerus has a 1 year low of $1.61 and a 1 year high of $6.57. The company’s fifty day simple moving average is $3.07 and its 200 day simple moving average is $3.76. The stock has a market cap of $264.60 million, a PE ratio of -5.57 and a beta of 5.73.

Powerus (NASDAQ:PUSA) last released its quarterly earnings data on Thursday, August 13th. The company reported ($0.00) EPS for the quarter. The business had revenue of $0.71 million for the quarter. Powerus had a negative net margin of 154.20% and a negative return on equity of 12.81%. As a group, equities analysts expect that Powerus will post -0.13 EPS for the current year.

Institutional Investors Weigh In On Powerus

Institutional investors have recently made changes to their positions in the stock. Thrive Wealth Management LLC purchased a new position in shares of Powerus in the second quarter valued at $120,000. Bank of America Corp DE purchased a new stake in Powerus during the 2nd quarter worth about $384,000. BlackRock Inc. bought a new position in Powerus in the 2nd quarter worth about $394,000. Finally, PEAK6 LLC bought a new position in Powerus in the 2nd quarter worth about $1,197,000.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Roth Capital initiated coverage on shares of Powerus in a research report on Wednesday, August 26th. They set a “buy” rating and a $7.50 price target for the company. Wall Street Zen upgraded shares of Powerus from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Zacks Research raised shares of Powerus to a “hold” rating in a research report on Thursday, August 27th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Powerus in a research note on Monday, September 21st. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Powerus has a consensus rating of “Hold” and an average target price of $7.50.

About Powerus

We own and operate two public golf country clubs in Florida that each features a golf-club, consisting of over 289 acres of multi-service recreational property. Our golf country clubs include two golf-courses with over 13,000 yards of combined fairways, clubhouses boasting food and beverage options, aquatic golf ranges, and pro shops to assist any level of golfer. We believe our golf country clubs are a serene combination of approachable golf and nature that are designed to appeal to local residents and tourists alike.