PMI (NYSEAMERICAN:PMI) Short Interest Up 125.1% in June

PMI (NYSEAMERICAN:PMI) saw a large increase in short interest in June. As of June 15th, there was short interest totaling 3,028,419 shares, an increase of 125.1% from the May 31st total of 1,345,383 shares. Based on an average daily trading volume, of 114,031,474 shares, the days-to-cover ratio is currently 0.0 days. Currently, 3.3% of the shares of the stock are sold short.

Analyst Ratings Changes

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

PMI Trading Up 5.3%

Shares of PMI traded up $0.01 during mid-day trading on Wednesday, reaching $0.17. The company had a trading volume of 16,703,919 shares, compared to its average volume of 14,980,395. PMI has a twelve month low of $0.11 and a twelve month high of $13.68. The company has a current ratio of 0.75, a quick ratio of 0.16 and a debt-to-equity ratio of 0.01. The stock’s 50-day moving average price is $0.28.

PMI (NYSEAMERICAN:PMI) last announced its quarterly earnings results on Friday, May 15th. The company reported ($0.10) EPS for the quarter. The company had revenue of $1.15 million during the quarter. On average, sell-side analysts predict that PMI will post -0.17 EPS for the current fiscal 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.