PMI (NYSEAMERICAN:PMI) Short Interest Update

PMI (NYSEAMERICAN:PMI) was the target of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 3,727,759 shares, a drop of 75.8% from the July 15th total of 15,397,813 shares. Approximately 181.8% of the shares of the company are short sold. Based on an average daily volume of 6,900,393 shares, the short-interest ratio is currently 0.5 days.

PMI Stock Up 2.9%

PMI traded up $0.10 during trading hours on Thursday, hitting $3.51. The company’s stock had a trading volume of 33,106 shares, compared to its average volume of 345,198. The company has a 50-day simple moving average of $11.92 and a 200 day simple moving average of $36.66. The company has a quick ratio of 0.16, a current ratio of 0.75 and a debt-to-equity ratio of 0.01. PMI has a fifty-two week low of $3.08 and a fifty-two week high of $684.00.

PMI (NYSEAMERICAN:PMI) last announced its quarterly earnings results 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, equities research analysts expect that PMI will post -8.5 earnings per share for the current year.

Analysts Set New Price Targets

PMI has been the subject of a number of recent research reports. Zacks Research upgraded PMI to a “hold” rating in a research note on Tuesday, May 19th. HC Wainwright reiterated a “neutral” rating on shares of PMI in a research note on Wednesday, June 3rd. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, PMI 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.