PicoCELA Inc. (NASDAQ:PCLA) Stock Short Interest Declines 83.5%

PicoCELA Inc. (NASDAQ:PCLA) saw a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 36,037 shares, a decline of 83.5% from the September 15th total of 217,931 shares. Based on an average daily volume of 52,427 shares, the days-to-cover ratio is presently 0.7 days. Approximately 90.1% of the shares of the company are short sold.

PicoCELA Trading Down 0.6%

PicoCELA stock opened at $6.61 on Friday. PicoCELA has a 1-year low of $1.35 and a 1-year high of $19.61. The firm has a 50-day moving average of $7.01 and a 200-day moving average of $5.12.

PicoCELA (NASDAQ:PCLA) last released its quarterly earnings results on Friday, September 18th. The company reported ($3.30) earnings per share for the quarter. The company had revenue of $1.16 million for the quarter.

Analyst Ratings Changes

Several research analysts have commented on the stock. Wall Street Zen raised shares of PicoCELA to a “hold” rating in a report on Saturday, July 25th. Weiss Ratings downgraded shares of PicoCELA from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, September 24th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock presently has an average rating of “Sell”.

PicoCELA Company Profile

PicoCELA, Inc (NASDAQ: PCLA) is a Japan-based wireless communications technology company that develops solutions for building and managing wireless networks. Its technology is designed to extend wireless coverage and improve connectivity in locations where conventional wired network infrastructure may be difficult or expensive to deploy.

The company’s offerings include wireless access points and related network products, as well as software and cloud-based tools for configuring, monitoring and managing wireless infrastructure.