Short Interest in PicoCELA Inc. (NASDAQ:PCLA) Declines By 68.9%

PicoCELA Inc. (NASDAQ:PCLA) saw a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 31,600 shares, a decrease of 68.9% from the September 15th total of 101,600 shares. Based on an average daily volume of 1,090,000 shares, the short-interest ratio is presently 0.0 days. Currently, 0.1% of the company’s stock are short sold. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 1,090,000 shares, the short-interest ratio is presently 0.0 days.

Institutional Trading of PicoCELA

An institutional investor recently bought a new position in PicoCELA stock. XTX Topco Ltd bought a new stake in PicoCELA Inc. (NASDAQ:PCLA) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 44,648 shares of the company’s stock, valued at approximately $72,000. XTX Topco Ltd owned about 0.16% of PicoCELA as of its most recent SEC filing.

PicoCELA Stock Down 6.4%

Shares of PCLA stock opened at $0.44 on Friday. The stock’s 50 day simple moving average is $0.47 and its 200 day simple moving average is $0.74. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.19 and a quick ratio of 1.74. PicoCELA has a twelve month low of $0.37 and a twelve month high of $9.80.

Analyst Upgrades and Downgrades

PCLA has been the topic of several research reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of PicoCELA in a research report on Tuesday. Wall Street Zen raised PicoCELA to a “hold” rating in a research note on Saturday, July 12th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

PicoCELA Company Profile

PicoCELA, Inc engages in the manufacturing, installation, and services for enterprise wireless mesh solutions. It also offers wireless multi-hop relay devices. The company was founded by Hiroshi Furukawa on August 8, 2008 and is headquartered in Tokyo, Japan.