PMI (NYSEAMERICAN:PMI) Short Interest Down 57.2% in May

PMI (NYSEAMERICAN:PMI) was the recipient of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 475,224 shares, a decline of 57.2% from the April 30th total of 1,110,773 shares. Based on an average daily volume of 4,324,602 shares, the short-interest ratio is presently 0.1 days. Approximately 0.5% of the shares of the stock are sold short.

Analysts Set New Price Targets

PMI has been the subject of several research reports. HC Wainwright initiated coverage on PMI in a research report on Monday, May 18th. They set a “neutral” rating for the company. Zacks Research upgraded PMI to a “hold” rating in a research report on Tuesday, May 19th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, PMI presently has an average rating of “Hold”.

PMI News Summary

Here are the key news stories impacting PMI this week:

• Positive Sentiment: U.S. manufacturing activity accelerated in May, with the ISM Manufacturing PMI rising to 54.0, its highest level since May 2022, and new orders improving as well. That signals healthier industrial demand and a more constructive backdrop for economically sensitive assets. U.S. Manufacturing Index Rises To Four-Year High In May
• Positive Sentiment: Several reports highlighted that the U.S. manufacturing PMI came in above expectations and confirmed expansion for a fifth straight month, which may support broader market sentiment and cyclical stocks. Manufacturing PMI® at 54%; May 2026 ISM® Manufacturing PMI® Report
• Neutral Sentiment: International PMI releases were mixed, with the U.K. and Japan showing solid manufacturing readings while France and parts of Europe softened. This points to uneven global growth, which is not clearly bullish or bearish for PMI by itself. European markets begin June on a cautious note amid mixed May PMIs and geopolitical risks
• Neutral Sentiment: China’s latest PMI data was also mixed, with services improving but factory growth moderating, reinforcing the view that global manufacturing is stabilizing but not uniformly strong. China’s Mixed PMI Data Suggests Economy Is Muddling Through
• Negative Sentiment: Some reports showed manufacturing weakness in France and slower momentum in other regions, which may be adding caution to investors who are looking for a broad global recovery. France’s May Manufacturing PMI drops to 49.70 from 52.80 in April

PMI Stock Up 14.2%

Shares of NYSEAMERICAN PMI traded up $0.02 during trading on Monday, hitting $0.17. 22,124,979 shares of the company traded hands, compared to its average volume of 22,821,920. PMI has a 1 year low of $0.11 and a 1 year high of $13.68. The stock has a 50-day moving average of $0.61. The company has a quick ratio of 0.16, a current ratio of 0.75 and a debt-to-equity ratio of 0.01.

PMI (NYSEAMERICAN:PMI) last announced its quarterly earnings data on Friday, May 15th. The company reported ($0.10) earnings per share (EPS) for the quarter. The firm had revenue of $1.15 million for the quarter. On average, analysts anticipate that PMI will post -0.17 EPS for the current year.

About PMI

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.