Powerlaw Corp (NASDAQ:PWRL) Sees Significant Growth in Short Interest

Powerlaw Corp (NASDAQ:PWRL – Get Free Report) was the target of a large increase in short interest in May. As of May 29th, there was short interest totaling 29,852 shares, an increase of ∞ from the May 14th total of 0 shares. Based on an average trading volume of 258,475 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are short sold.

Powerlaw Stock Down 20.3%

NASDAQ PWRL traded down $4.46 during trading hours on Friday, hitting $17.54. The company’s stock had a trading volume of 910,985 shares, compared to its average volume of 499,420. Powerlaw has a 52 week low of $16.61 and a 52 week high of $40.00.

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