PMI (NYSEAMERICAN:PMI) Short Interest Up 358.0% in July

PMI (NYSEAMERICAN:PMI) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 15,397,813 shares, a growth of 358.0% from the June 30th total of 3,361,606 shares. Based on an average daily volume of 55,747,477 shares, the short-interest ratio is currently 0.3 days. Approximately 15.0% of the shares of the company are sold short.

PMI Stock Up 4,893.7%

PMI stock traded up $4.31 during mid-day trading on Monday, reaching $4.39. The business has a 50 day moving average price of $0.17. PMI has a twelve month low of $0.09 and a twelve month high of $13.68. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.75 and a quick ratio of 0.16.

PMI shares are scheduled to reverse split before the market opens on Monday, August 3rd. The 1-50 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, August 2nd.

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

Wall Street Analyst Weigh In

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