Phunware, Inc. (NASDAQ:PHUN – Get Rating) was the target of a large increase in short interest in November. As of November 15th, there was short interest totalling 7,980,000 shares, an increase of 57.7% from the October 31st total of 5,060,000 shares. Based on an average daily volume of 4,170,000 shares, the days-to-cover ratio is presently 1.9 days.
Analyst Ratings Changes
Several equities analysts have weighed in on the stock. HC Wainwright lowered their price target on shares of Phunware from $5.50 to $3.50 and set a “buy” rating on the stock in a report on Monday, August 15th. Ascendiant Capital Markets reduced their price objective on shares of Phunware to $5.00 in a research report on Wednesday, November 16th.
Phunware Trading Down 3.7 %
PHUN stock traded down $0.04 during mid-day trading on Tuesday, reaching $1.05. 1,859,914 shares of the stock traded hands, compared to its average volume of 6,654,310. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.79 and a current ratio of 0.90. Phunware has a one year low of $1.00 and a one year high of $4.04. The stock has a market capitalization of $107.76 million, a PE ratio of -1.33 and a beta of 10.45. The business has a 50-day moving average price of $1.19 and a two-hundred day moving average price of $1.33.
Insider Buying and Selling at Phunware
In other news, Director Ryan Costello sold 20,000 shares of the firm’s stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $1.95, for a total transaction of $39,000.00. Following the sale, the director now owns 132,176 shares of the company’s stock, valued at approximately $257,743.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 4.80% of the stock is owned by company insiders.
Institutional Trading of Phunware
A number of hedge funds have recently added to or reduced their stakes in PHUN. HighTower Advisors LLC bought a new position in Phunware in the…
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