Short Interest in Focus Universal, Inc. (NASDAQ:FCUV) Decreases By 97.3%

Focus Universal, Inc. (NASDAQ:FCUV) was the recipient of a significant decline in short interest in May. As of May 29th, there was short interest totaling 13,849 shares, a decline of 97.3% from the May 14th total of 512,663 shares. Based on an average daily volume of 250,958 shares, the short-interest ratio is presently 0.1 days. Approximately 0.6% of the company’s stock are sold short.

Focus Universal Price Performance

Shares of NASDAQ:FCUV traded up $0.04 during midday trading on Thursday, hitting $0.87. 637,680 shares of the company’s stock were exchanged, compared to its average volume of 819,884. The stock has a 50 day moving average price of $1.64 and a 200-day moving average price of $8.87. The company has a market cap of $2.44 million, a PE ratio of -0.17 and a beta of -0.41. Focus Universal has a 12 month low of $0.53 and a 12 month high of $52.50.

Focus Universal (NASDAQ:FCUV) last posted its earnings results on Thursday, May 14th. The company reported ($1.48) EPS for the quarter, missing the consensus estimate of ($1.33) by ($0.15). The business had revenue of $0.05 million for the quarter, compared to the consensus estimate of $0.40 million. Focus Universal had a negative return on equity of 357.95% and a negative net margin of 4,243.03%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Focus Universal in a research note on Friday, March 27th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Focus Universal has a consensus rating of “Sell”.

Focus Universal Company Profile

Focus Universal Inc develops and manufactures smart instrumentation platform and device. It offers Ubiquitor, a wireless sensor device with a universal sensor node and gateway system that uses a computer or mobile device as the output display module that displays the readings of various sensor nodes. The company's universal smart instrumentation platform (USIP) utilizes mobile devices or computers to communicate with smart devices, such as sensors, instruments, probes, and controllers to monitor and control any functions.