Short Interest in Nocera, Inc. (NASDAQ:NCRA) Increases By 170.7%

Nocera, Inc. (NASDAQ:NCRA) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 539,623 shares, an increase of 170.7% from the June 15th total of 199,316 shares. Currently, 111.7% of the shares of the company are sold short. Based on an average trading volume of 4,046,234 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

NCRA has been the subject of a number of analyst reports. Wall Street Zen lowered Nocera to a “strong sell” rating in a report on Sunday. Weiss Ratings reiterated a “sell (e+)” rating on shares of Nocera in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Nocera Stock Down 7.5%

Nocera stock opened at $1.47 on Tuesday. The company has a market capitalization of $749,700.00, a PE ratio of -6.68 and a beta of 1.89. The firm has a fifty day simple moving average of $4.68 and a two-hundred day simple moving average of $10.50. Nocera has a twelve month low of $1.40 and a twelve month high of $72.00.

Nocera (NASDAQ:NCRA) last posted its quarterly earnings results on Wednesday, April 15th. The company reported ($1.50) EPS for the quarter. Nocera had a negative net margin of 44.02% and a negative return on equity of 207.32%. The firm had revenue of $3.52 million for the quarter.

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.