PowerBand Solutions Inc. (OTCMKTS:PWWBF) Sees Significant Growth in Short Interest

PowerBand Solutions Inc. (OTCMKTS:PWWBF) was the recipient of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 19,500 shares, an increase of 3,800.0% from the January 15th total of 500 shares. Based on an average daily volume of 36,400 shares, the days-to-cover ratio is presently 0.5 days.

PowerBand Solutions Stock Down 56.7 %

Shares of OTCMKTS PWWBF traded down C$0.06 during midday trading on Friday, reaching C$0.05. The stock had a trading volume of 519 shares, compared to its average volume of 33,986. The company’s 50 day moving average price is C$0.08 and its 200 day moving average price is C$0.07. PowerBand Solutions has a twelve month low of C$0.00 and a twelve month high of C$0.18.

About PowerBand Solutions

PowerBand Solutions Inc develops, markets, and sells access to cloud-based transaction platforms to finance and lease new and used vehicles. It provides DrivrzXchange, an inclusive multi-sided marketplace that allows buyers and sellers to list and/or find vehicles; and DrivrzFinancial, a technology driven finance solution focus on used vehicle and EV leasing.