Micware Co., Ltd. (NASDAQ:MWC) Short Interest Down 72.0% in August

Micware Co., Ltd. (NASDAQ:MWC) was the recipient of a large drop in short interest in August. As of August 14th, there was short interest totaling 39,448 shares, a drop of 72.0% from the July 30th total of 140,698 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 369,845 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Wall Street Zen upgraded shares of Micware to a “hold” rating in a report on Saturday, May 23rd. Weiss Ratings began coverage on shares of Micware in a report on Tuesday, August 11th. They set a “sell (e-)” rating for the company. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Micware Price Performance

Shares of Micware stock traded up $0.05 during trading hours on Thursday, reaching $1.47. The stock had a trading volume of 179,576 shares, compared to its average volume of 993,340. Micware has a 1 year low of $0.78 and a 1 year high of $13.95. The business’s 50 day simple moving average is $2.29.

Micware (NASDAQ:MWC) last issued its earnings results on Tuesday, May 19th. The company reported $0.05 earnings per share (EPS) for the quarter. The firm had revenue of $35.28 million for the quarter.

About Micware

Micware Co Ltd. is a provider of software development services and an IT solution mainly focused on the automotive and mobility sectors. The Company is primarily engaged in the development and sale of IVI systems covering multimedia, navigation, human machine interface, telematics, and driver assistance, as well as navigation software and location information-based smartphone applications. Micware Co Ltd. is based in KOBE, Japan.