Short Interest in PMI (NYSEAMERICAN:PMI) Rises By 369.4%

PMI (NYSEAMERICAN:PMI) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 358,385 shares, an increase of 369.4% from the August 15th total of 76,345 shares. Based on an average trading volume of 7,692,858 shares, the days-to-cover ratio is currently 0.0 days. Approximately 15.3% of the shares of the company are short sold.

PMI Price Performance

Shares of PMI stock traded up $0.92 during trading on Friday, hitting $5.33. 495,981 shares of the stock traded hands, compared to its average volume of 4,433,968. The firm’s fifty day moving average is $9.87 and its 200-day moving average is $24.31. PMI has a 52 week low of $2.65 and a 52 week high of $684.00.

PMI (NYSEAMERICAN:PMI) last posted its quarterly earnings results on Wednesday, August 19th. The company reported ($3.05) earnings per share (EPS) for the quarter. The business had revenue of $2.95 million for the quarter. PMI had a negative net margin of 444.83% and a negative return on equity of 825.18%. Sell-side analysts forecast that PMI will post -8.5 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Zacks Research upgraded shares of PMI to a “hold” rating in a research report on Tuesday, May 19th. HC Wainwright reissued a “neutral” rating on shares of PMI in a research report on Wednesday, June 3rd. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus 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.