PMI (NYSEAMERICAN:PMI) Short Interest Down 98.0% in August

PMI (NYSEAMERICAN:PMI) was the recipient of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 76,345 shares, a decline of 98.0% from the July 30th total of 3,727,759 shares. Based on an average daily trading volume, of 116,352 shares, the short-interest ratio is presently 0.7 days. Approximately 3.3% of the company’s stock are sold short.

PMI Price Performance

PMI stock opened at $9.88 on Thursday. PMI has a 1-year low of $2.65 and a 1-year high of $684.00. The business’s 50 day simple moving average is $10.60 and its 200 day simple moving average is $31.29.

PMI (NYSEAMERICAN:PMI) last announced its quarterly earnings results on Wednesday, August 19th. The company reported ($3.05) earnings per share (EPS) for the quarter. PMI had a negative net margin of 444.83% and a negative return on equity of 825.18%. The business had revenue of $2.95 million for the quarter. As a group, analysts anticipate that PMI will post -8.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on PMI. Zacks Research raised shares of PMI to a “hold” rating in a research note on Tuesday, May 19th. HC Wainwright reissued a “neutral” rating on shares of PMI in a research report on Wednesday, June 3rd. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

PMI Company Profile

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.