PMI (NYSEAMERICAN:PMI) Short Interest Update

PMI (NYSEAMERICAN:PMI) was the recipient of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 3,727,759 shares, a decline of 75.8% from the July 15th total of 15,397,813 shares. Based on an average trading volume of 6,900,393 shares, the days-to-cover ratio is presently 0.5 days. Currently, 181.8% of the company’s shares are sold short.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. HC Wainwright reiterated a “neutral” rating on shares of PMI in a report on Wednesday, June 3rd. Zacks Research raised PMI to a “hold” rating in a research note on Tuesday, May 19th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.

PMI Stock Up 0.6%

Shares of NYSEAMERICAN PMI traded up $0.02 during mid-day trading on Friday, hitting $3.53. 41,055 shares of the stock traded hands, compared to its average volume of 107,666. The stock has a fifty day moving average price of $11.69 and a 200-day moving average price of $36.04. PMI has a 52 week low of $3.08 and a 52 week high of $684.00. 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 (NYSEAMERICAN:PMI) last posted its quarterly earnings data on Friday, May 15th. The company reported ($5.00) earnings per share (EPS) for the quarter. The business had revenue of $1.15 million during the quarter. As a group, research analysts forecast that PMI will post -8.5 EPS for the current year.

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.