Focus Universal, Inc. (NASDAQ:FCUV) Short Interest Down 97.3% in May

Focus Universal, Inc. (NASDAQ:FCUV) saw a large decline in short interest in the month of 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 trading volume of 250,958 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.6% of the shares of the company are sold short.

Focus Universal Stock Performance

NASDAQ:FCUV traded up $0.08 during mid-day trading on Tuesday, hitting $0.83. 434,864 shares of the stock were exchanged, compared to its average volume of 1,527,639. The stock has a market capitalization of $2.34 million, a price-to-earnings ratio of -0.16 and a beta of -0.41. The firm’s 50-day simple moving average is $1.69 and its 200 day simple moving average is $9.06. Focus Universal has a fifty-two week low of $0.53 and a fifty-two week high of $52.50.

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

Wall Street Analyst Weigh In

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

About Focus Universal

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.