Phunware Inc (NASDAQ:PHUN) was the target of a large decline in short interest in June. As of June 15th, there was short interest totalling 56,400 shares, a decline of 54.4% from the May 15th total of 123,700 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 641,900 shares, the days-to-cover ratio is currently 0.1 days.
PHUN stock traded down $0.03 during trading on Friday, hitting $2.01. The company had a trading volume of 732,201 shares, compared to its average volume of 1,335,707. The firm’s fifty day moving average is $3.31. Phunware has a fifty-two week low of $1.90 and a fifty-two week high of $550.00.
Phunware (NASDAQ:PHUN) last announced its quarterly earnings results on Wednesday, May 15th. The company reported ($0.12) EPS for the quarter. The company had revenue of $5.32 million during the quarter.
Phunware Inc, together with its subsidiaries, provides Multiscreen-as-a-Service (Maas) and Data-as-a-Service (DaaS) enterprise software platform for mobile devices. Its platform enables brands to engage, manage, and monetize their mobile application portfolios. The company offers Cloud-Based Mobile Software Development Kits (SDKs), which include location-based services, mobile engagement, content management, messaging, advertising, and analytics; and mobile application framework of pre-integrated iOS and Android software modules for building in-house or channel-based mobile application solutions.
See Also: Return on Equity (ROE)
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