Micware Co., Ltd. (NASDAQ:MWC) Stock Short Interest Declines 85.7%

Micware Co., Ltd. (NASDAQ:MWC) was the recipient of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 28,305 shares, a drop of 85.7% from the September 15th total of 198,324 shares. Based on an average trading volume of 126,066 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the company’s shares are sold short.

Micware Trading Up 9.0%

Micware stock traded up $0.13 during mid-day trading on Friday, reaching $1.58. The stock had a trading volume of 136,216 shares, compared to its average volume of 190,760. Micware has a fifty-two week low of $0.78 and a fifty-two week high of $13.95. The company has a 50-day simple moving average of $1.57. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.65 and a current ratio of 1.66.

Analyst Ratings Changes

Separately, Weiss Ratings started coverage on Micware in a research report on Tuesday, August 11th. They issued a “sell (e-)” rating for the company. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company currently has an average rating of “Sell”.

About Micware

Micware is a Japanese technology company that develops software and digital solutions for the automotive and mobility industries. Its work focuses on in-vehicle navigation, location-based services and connected-car applications.

The company provides software for automotive infotainment systems, including mapping, route guidance, vehicle positioning and related user-interface functions. Micware also develops technologies that can connect vehicles with smartphones, cloud services and other digital platforms.

Micware serves automotive manufacturers, suppliers and mobility-related businesses, primarily through its operations in Japan and its work supporting vehicle software platforms.