Nocera, Inc. (NASDAQ:NCRA) Sees Large Drop in Short Interest

Nocera, Inc. (NASDAQ:NCRA) was the recipient of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 197,076 shares, a decline of 45.4% from the July 30th total of 361,062 shares. Based on an average daily volume of 1,479,355 shares, the days-to-cover ratio is currently 0.1 days. Currently, 9.7% of the shares of the stock are short sold.

Nocera Trading Up 8.0%

Shares of NASDAQ NCRA traded up $0.14 on Friday, reaching $1.89. 1,561,879 shares of the company traded hands, compared to its average volume of 843,375. Nocera has a fifty-two week low of $1.30 and a fifty-two week high of $72.00. The company has a 50 day moving average of $2.04 and a 200 day moving average of $5.66. The stock has a market capitalization of $4.04 million, a PE ratio of -0.28 and a beta of 1.93.

Nocera (NASDAQ:NCRA) last released its earnings results on Wednesday, August 5th. The company reported ($0.99) earnings per share (EPS) for the quarter. Nocera had a negative net margin of 73.28% and a negative return on equity of 224.17%. The company had revenue of $2.14 million during the quarter.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on NCRA. Weiss Ratings cut shares of Nocera from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, August 17th. Wall Street Zen lowered shares of Nocera to a “strong sell” rating in a research report on Sunday, July 12th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Nocera presently has an average rating of “Sell”.

About Nocera

Nocera, Inc, together with its subsidiaries, designs, develops, and produces recirculating aquaculture systems for fish farms in Taiwan. The company also offers consulting, technology transfer, and aquaculture project management services to new and existing aquaculture management business services. In addition, the company sells signature seafood porridge bowl through its flagship bento box store. The company was founded in 2014 and is headquartered in New Taipei City, Taiwan.