PONOU (NASDAQ:PONOU) Sees Significant Drop in Short Interest

PONOU (NASDAQ:PONOU) saw a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 2,404 shares, a drop of 51.5% from the April 15th total of 4,958 shares. Based on an average daily volume of 20,742 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded PONOU to a “hold” rating in a research report on Saturday, March 21st.

PONOU Price Performance

PONOU remained flat at $10.06 on Friday. 8,052 shares of the company were exchanged, compared to its average volume of 62,420. The company’s 50 day moving average price is $10.02. PONOU has a 12-month low of $9.96 and a 12-month high of $10.10.