PhoneX Holdings, Inc. (OTCMKTS:PXHI) Sees Significant Increase in Short Interest

PhoneX Holdings, Inc. (OTCMKTS:PXHI) was the recipient of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 500 shares, a growth of 25.0% from the March 31st total of 400 shares. Based on an average trading volume of 1,600 shares, the short-interest ratio is currently 0.3 days.

PhoneX Price Performance

Shares of PXHI opened at $1.20 on Tuesday. PhoneX has a 52-week low of $0.76 and a 52-week high of $1.94. The stock’s 50-day simple moving average is $1.11 and its 200 day simple moving average is $1.04.

About PhoneX

PhoneX Holdings, Inc operates as a market maker of used smartphones. The company acquires products from individual consumers through its uSell.com Website, as well as from various carriers, big box retailers, and manufacturers through its subsidiary, We Sell Cellular. It sells its devices to professional buyers, such as brick and mortar retailers, online retailers, large and small wholesalers, small repair shops, large refurbishing providers, and insurance companies, as well as directly to consumers through third party e-commerce platforms.