Powerband Solutions, Inc. (OTCMKTS:PWWBF) saw a significant growth in short interest in December. As of December 31st, there was short interest totalling 47,100 shares, a growth of 5,787.5% from the December 15th total of 800 shares. Based on an average trading volume of 256,600 shares, the days-to-cover ratio is presently 0.2 days.
Separately, Desjardins began coverage on Powerband Solutions in a research report on Wednesday. They set a “buy” rating and a $1.60 price target for the company.
Shares of PWWBF opened at 0.61 on Friday. Powerband Solutions has a 12 month low of 0.33 and a 12 month high of 1.24.
Powerband Solutions, Inc is a technology company, which engages in the development marketing, and sale of access to cloud-based transaction platform to buy, sell, trade, finance, and lease new and used vehicles. The firm specializes in the online trading platform, standardized appraisal system, market intelligence report, desking tool, and finance portal for utilization in the automotive industry.
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