PMI (NYSEAMERICAN:PMI) Short Interest Update

PMI (NYSEAMERICAN:PMI) was the recipient of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 1,345,383 shares, a growth of 183.1% from the May 14th total of 475,224 shares. Based on an average daily trading volume, of 45,648,473 shares, the days-to-cover ratio is presently 0.0 days. Approximately 1.5% of the shares of the company are short sold.

PMI Stock Performance

PMI stock traded down $0.00 during mid-day trading on Friday, reaching $0.18. 8,413,772 shares of the company’s stock were exchanged, compared to its average volume of 82,567,344. The firm has a 50 day moving average of $0.47. The company has a current ratio of 0.75, a quick ratio of 0.16 and a debt-to-equity ratio of 0.01. PMI has a 12-month low of $0.11 and a 12-month high of $13.68.

PMI (NYSEAMERICAN:PMI) last issued its quarterly earnings results on Friday, May 15th. The company reported ($0.10) earnings per share (EPS) for the quarter. The business had revenue of $1.15 million during the quarter. Analysts expect that PMI will post -0.17 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Zacks Research upgraded PMI to a “hold” rating in a research note on Tuesday, May 19th. HC Wainwright restated a “neutral” rating on shares of PMI in a research note on Wednesday, June 3rd. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

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.