Nocera, Inc. (NASDAQ:NCRA) Sees Large Drop in Short Interest

Nocera, Inc. (NASDAQ:NCRA) saw a large drop in short interest in August. As of August 31st, there was short interest totaling 125,796 shares, a drop of 36.2% from the August 15th total of 197,076 shares. Based on an average daily trading volume, of 5,927,584 shares, the short-interest ratio is currently 0.0 days. Approximately 5.6% of the company’s stock are sold short.

Nocera Trading Down 0.5%

NCRA stock traded down $0.01 during midday trading on Thursday, hitting $1.98. The company’s stock had a trading volume of 72,046 shares, compared to its average volume of 1,504,625. The company has a market cap of $4.71 million, a PE ratio of -0.30 and a beta of 1.99. Nocera has a 12 month low of $1.30 and a 12 month high of $72.00. The firm’s 50-day moving average is $1.90 and its 200-day moving average is $4.65.

Nocera (NASDAQ:NCRA) last announced its quarterly earnings results on Wednesday, August 5th. The company reported ($0.99) earnings per share (EPS) for the quarter. The business had revenue of $2.14 million for the quarter. Nocera had a negative net margin of 59.98% and a negative return on equity of 226.49%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NCRA. Weiss Ratings cut Nocera from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, August 17th. Wall Street Zen cut shares of Nocera to a “strong sell” rating in a research note on Sunday, July 12th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Nocera presently has an average rating of “Sell”.

About Nocera

Nocera, Inc, together with its subsidiaries, designs, develops, and produces recirculating aquaculture systems for fish farms in Taiwan. The company also offers consulting, technology transfer, and aquaculture project management services to new and existing aquaculture management business services. In addition, the company sells signature seafood porridge bowl through its flagship bento box store. The company was founded in 2014 and is headquartered in New Taipei City, Taiwan.