Plutus Financial Group Limited (NASDAQ:PLUT) Short Interest Update

Plutus Financial Group Limited (NASDAQ:PLUT) was the recipient of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 2,718 shares, a drop of 44.6% from the June 15th total of 4,909 shares. Based on an average trading volume of 1,943 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.0% of the shares of the stock are sold short.

Plutus Financial Group Trading Up 1.7%

Plutus Financial Group stock traded up $0.05 during midday trading on Friday, reaching $2.95. The company had a trading volume of 306 shares, compared to its average volume of 7,096. Plutus Financial Group has a 12-month low of $1.88 and a 12-month high of $4.19. The firm’s fifty day simple moving average is $3.00 and its 200-day simple moving average is $3.09.

Plutus Financial Group (NASDAQ:PLUT) last posted its quarterly earnings data on Monday, May 11th. The company reported ($0.10) EPS for the quarter. The business had revenue of $0.38 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of Plutus Financial Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, May 19th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

About Plutus Financial Group

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.