Focus Universal, Inc. (NASDAQ:FCUV) Stock Short Interest Report for October

Focus Universal, Inc. (NASDAQ:FCUV) was the target of a large decline in short interest in October. As of October 15th, there was short interest totaling 7,532 shares, a decline of 73.6% from the September 30th total of 28,537 shares. Currently, 1.4% of the company’s stock are short sold. Based on an average daily trading volume, of 31,109 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Focus Universal stock. Oppenheimer & Co. Inc. purchased a new position in Focus Universal, Inc. (NASDAQ:FCUV) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 35,601 shares of the company’s stock, valued at approximately $148,000. Oppenheimer & Co. Inc. owned about 5.09% of Focus Universal as of its most recent SEC filing. Institutional investors and hedge funds own 4.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on FCUV. Wall Street Zen raised Focus Universal from a “sell” rating to a “hold” rating in a research report on Sunday, October 4th. Weiss Ratings lowered Focus Universal from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, September 18th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock has an average rating of “Sell”.

Focus Universal Stock Performance

Focus Universal stock traded down $0.08 during mid-day trading on Friday, reaching $3.32. 8,699 shares of the stock traded hands, compared to its average volume of 1,238,971. The business’s 50-day moving average is $6.14 and its 200-day moving average is $10.23. Focus Universal has a 12-month low of $1.79 and a 12-month high of $173.00. The company has a debt-to-equity ratio of 1.33, a current ratio of 2.44 and a quick ratio of 2.34. The stock has a market capitalization of $2.32 million, a PE ratio of -0.22 and a beta of -0.25.

Focus Universal (NASDAQ:FCUV) last issued its earnings results on Friday, August 14th. The company reported ($2.69) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.33) by ($1.36). The company had revenue of $0.68 million for the quarter, compared to the consensus estimate of $0.40 million. Focus Universal had a negative return on equity of 151.07% and a negative net margin of 637.15%.

About Focus Universal

Focus Universal Inc (NASDAQ: FCUV) is a technology company developing hardware and software products designed to support the Internet of Things (IoT), wireless communications and data-driven applications. Its business focuses on integrating connected devices, sensors, communications technologies and software into solutions for collecting, transmitting and analyzing information.

The company has described products and development initiatives involving universal wireless platforms, smart sensors, IoT systems and related software applications.