PowerBand Solutions Inc. (OTCMKTS:PWWBF) Short Interest Down 66.3% in May

PowerBand Solutions Inc. (OTCMKTS:PWWBF – Get Rating) was the recipient of a large decline in short interest during the month of May. As of May 15th, there was short interest totalling 46,200 shares, a decline of 66.3% from the April 30th total of 136,900 shares. Based on an average trading volume of 1,225,300 shares, the days-to-cover ratio is currently 0.0 days.

Shares of OTCMKTS PWWBF traded down 0.01 during mid-day trading on Friday, hitting 0.19. The stock had a trading volume of 38,200 shares, compared to its average volume of 201,587. The business’s 50 day moving average price is 0.35. PowerBand Solutions has a 1 year low of 0.14 and a 1 year high of 1.06.

About PowerBand Solutions (Get Rating)

PowerBand Solutions Inc, a technology company, develops, markets, and sells online auction software and financing solutions for the automotive and other industries in Canada. The company also provides a suite of cloud-based auction and finance portal software tools, including LiveNet Auction, a portal that allows dealers to create an instant, online auction that launches a used vehicle to a network of used vehicle buyers; and Marketplace Auction, which allows dealers, dealer groups, rental, and leasing companies to load a used vehicle onto the site with a description of the vehicle, photos, condition reports, and a pre-set reserve bid.

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