Micware Co., Ltd. (NASDAQ:MWC) Sees Large Growth in Short Interest

Micware Co., Ltd. (NASDAQ:MWC) was the target of a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 216,836 shares, an increase of 142.6% from the October 15th total of 89,390 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily volume of 126,702 shares, the days-to-cover ratio is presently 1.7 days.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Micware from a “sell (e-)” rating to a “sell (e)” rating in a report on Monday, November 2nd. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, Micware currently has a consensus rating of “Sell”.

Micware Stock Up 2.3%

NASDAQ MWC traded up $0.03 on Friday, reaching $1.32. The stock had a trading volume of 20,807 shares, compared to its average volume of 633,675. The company has a quick ratio of 1.65, a current ratio of 2.34 and a debt-to-equity ratio of 0.14. The company’s fifty day moving average price is $1.57. Micware has a 12-month low of $0.78 and a 12-month high of $13.95.

Micware (NASDAQ:MWC) last released its quarterly earnings results on Tuesday, November 10th. The company reported $0.03 EPS for the quarter. The firm had revenue of $33.22 million for the quarter.

Micware Company Profile

Micware Co., Ltd. is a Japan-based mobility software company that develops technology for vehicles and connected mobility services. Its products include in-vehicle navigation and infotainment software, as well as connected-car solutions. Founded in 2003, the company works with automotive manufacturers and other mobility-industry customers. Its software is designed to support in-car user experiences and connected services.