Phaos Technology Holdings (Cayman) Limited (NYSEAMERICAN:POAS) Stock Short Interest Drops 94.9%

Phaos Technology Holdings (Cayman) Limited (NYSEAMERICAN:POAS) was the target of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 21,721 shares, a decrease of 94.9% from the September 30th total of 424,625 shares. Based on an average daily trading volume, of 55,162 shares, the short-interest ratio is presently 0.4 days.

Phaos Technology Holdings (Cayman) Price Performance

Shares of POAS traded down $0.43 during mid-day trading on Monday, hitting $1.50. The company had a trading volume of 113,954 shares, compared to its average volume of 64,259. The business’s 50-day simple moving average is $2.43 and its 200-day simple moving average is $13.08. Phaos Technology Holdings has a 1-year low of $1.30 and a 1-year high of $110.92.

Phaos Technology Holdings (Cayman) (NYSEAMERICAN:POAS) last issued its earnings results on Monday, August 31st. The company reported ($2.08) earnings per share (EPS) for the quarter. The firm had revenue of $0.02 million during the quarter.

Phaos Technology Holdings (Cayman) Company Profile

Phaos Technology Holdings (Cayman) Limited is an investment holding company incorporated on March 7, 2024, under the laws of the Cayman Islands. The Company through its subsidiary assembles and commercializes such advanced microscopy-related solutions, technologies and products. Using its patented microsphere-assisted technology, the Company can significantly increase the magnification of existing traditional optical microscopes compared to its competitors, hence allowing our clients to see beyond the optical limit in an effective manner.