PMI (NYSEAMERICAN:PMI) Short Interest Up 86.9% in April

PMI (NYSEAMERICAN:PMI) was the target of a large growth in short interest in April. As of April 30th, there was short interest totaling 1,110,773 shares, a growth of 86.9% from the April 15th total of 594,449 shares. Based on an average daily trading volume, of 3,055,241 shares, the short-interest ratio is presently 0.4 days. Approximately 1.5% of the shares of the stock are sold short.

PMI Stock Down 9.5%

Shares of PMI traded down $0.02 during midday trading on Tuesday, hitting $0.16. 12,970,551 shares of the company traded hands, compared to its average volume of 5,081,866. The firm has a 50 day simple moving average of $0.82. PMI has a 52 week low of $0.13 and a 52 week high of $13.68. The company has a quick ratio of 0.72, a current ratio of 1.11 and a debt-to-equity ratio of 0.01.

PMI (NYSEAMERICAN:PMI) last released its quarterly earnings data on Friday, May 15th. The company reported ($0.10) EPS for the quarter. The business had revenue of $1.15 million for the quarter.

Wall Street Analyst Weigh In

Separately, HC Wainwright initiated coverage on PMI in a research note on Monday. They issued a “neutral” rating for the company. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold”.

About PMI

Picard Medical Inc is a medical technology company which manufactures and sells the only total artificial heart. Picard Medical Inc is based in TUCSON, Ariz.