PMI (NYSEAMERICAN:PMI) Short Interest Update

PMI (NYSEAMERICAN:PMI) was the target of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 1,345,383 shares, an increase of 183.1% from the May 14th total of 475,224 shares. Based on an average daily trading volume, of 45,648,473 shares, the days-to-cover ratio is currently 0.0 days. Currently, 1.5% of the company’s shares are short sold.

Analyst Ratings Changes

Several equities research analysts have weighed in on PMI shares. HC Wainwright reiterated a “neutral” rating on shares of PMI in a report on Wednesday, June 3rd. Zacks Research upgraded PMI to a “hold” rating in a report 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 Down 7.8%

PMI stock traded down $0.01 on Friday, reaching $0.17. 6,843,154 shares of the company traded hands, compared to its average volume of 15,950,951. PMI has a one year low of $0.11 and a one year high of $13.68. The company has a quick ratio of 0.16, a current ratio of 0.75 and a debt-to-equity ratio of 0.01. The firm’s fifty day simple moving average is $0.49.

PMI (NYSEAMERICAN:PMI) last posted its quarterly earnings data on Friday, May 15th. The company reported ($0.10) earnings per share for the quarter. The company had revenue of $1.15 million during the quarter. On average, research analysts forecast that PMI will post -0.17 EPS for the current fiscal year.

About PMI

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.