Micware Co., Ltd. (NASDAQ:MWC) Short Interest Update

Micware Co., Ltd. (NASDAQ:MWC) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 198,324 shares, an increase of 408.7% from the August 31st total of 38,985 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 212,947 shares, the days-to-cover ratio is currently 0.9 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings initiated coverage on shares of Micware in a report on Tuesday, August 11th. They set a “sell (e-)” rating for the company. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Micware has an average rating of “Sell”.

Micware Stock Performance

MWC opened at $1.74 on Friday. Micware has a 52-week low of $0.78 and a 52-week high of $13.95. The stock’s 50-day moving average is $1.55.

Micware (NASDAQ:MWC) last posted its quarterly earnings results on Tuesday, May 19th. The company reported $0.05 earnings per share for the quarter. The company had revenue of $35.28 million during the quarter.

Micware Company Profile

Micware is a Japan-based software company focused on mobility and automotive technology. The company develops software and digital solutions designed for use in vehicles, including in-car navigation, connected-car functionality and related location-based services.

Its products and services support automotive manufacturers and mobility businesses in integrating navigation, mapping, telematics and other software capabilities into vehicle systems. Micware’s work is centered on embedded and cloud-connected applications intended to improve the driving and transportation experience.

The company was established in Japan and serves customers primarily through its automotive and mobility technology operations.