Powerus Corporation (NASDAQ:PUSA) Shares Shorted: Short Interest Up 83.1% in October

Powerus Corporation (NASDAQ:PUSA) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 3,806,986 shares, a growth of 83.1% from the September 30th total of 2,079,422 shares. Based on an average daily volume of 1,740,593 shares, the days-to-cover ratio is currently 2.2 days. Approximately 3.8% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on PUSA shares. Roth Capital started coverage on Powerus in a report on Wednesday, August 26th. They issued a “buy” rating and a $7.50 target price for the company. Weiss Ratings restated a “sell (d-)” rating on shares of Powerus in a research note on Monday, September 21st. Zacks Research upgraded Powerus to a “hold” rating in a research report on Thursday, August 27th. Finally, Wall Street Zen upgraded shares of Powerus from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $7.50.

Powerus Stock Performance

Shares of NASDAQ:PUSA traded down $0.12 during midday trading on Friday, hitting $1.69. The company’s stock had a trading volume of 790,388 shares, compared to its average volume of 1,199,934. The business’s 50 day simple moving average is $3.07 and its 200 day simple moving average is $3.76. The company has a market cap of $276.89 million, a P/E ratio of -5.83 and a beta of 5.19. Powerus has a 12-month low of $1.64 and a 12-month high of $6.57.

Powerus (NASDAQ:PUSA) last released its quarterly earnings data on Thursday, August 13th. The company reported ($0.00) earnings per share for the quarter. Powerus had a negative return on equity of 12.81% and a negative net margin of 154.20%. The company had revenue of $0.71 million for the quarter. On average, sell-side analysts predict that Powerus will post -0.13 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in PUSA. Thrive Wealth Management LLC acquired a new position in Powerus during the 2nd quarter worth $120,000. Bank of America Corp DE purchased a new position in shares of Powerus in the 2nd quarter valued at $384,000. PEAK6 LLC purchased a new stake in shares of Powerus in the 2nd quarter valued at about $1,197,000. Finally, BlackRock Inc. acquired a new stake in shares of Powerus in the second quarter valued at approximately $394,000.

Powerus Company Profile

We own and operate two public golf country clubs in Florida that each features a golf-club, consisting of over 289 acres of multi-service recreational property. Our golf country clubs include two golf-courses with over 13,000 yards of combined fairways, clubhouses boasting food and beverage options, aquatic golf ranges, and pro shops to assist any level of golfer. We believe our golf country clubs are a serene combination of approachable golf and nature that are designed to appeal to local residents and tourists alike.