Nocera, Inc. (NASDAQ:NCRA) Short Interest Up 926.9% in July

Nocera, Inc. (NASDAQ:NCRA) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 361,062 shares, an increase of 926.9% from the July 15th total of 35,160 shares. Approximately 17.8% of the company’s shares are sold short. Based on an average daily trading volume, of 10,844,457 shares, the days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Weiss Ratings raised Nocera from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, July 23rd. Wall Street Zen downgraded Nocera to a “strong sell” rating in a research report on Sunday, July 12th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Nocera Stock Up 19.5%

NCRA stock traded up $0.40 during trading on Tuesday, hitting $2.45. The company had a trading volume of 13,667,486 shares, compared to its average volume of 6,718,105. Nocera has a 52-week low of $1.30 and a 52-week high of $72.00. The company has a 50 day simple moving average of $2.56 and a 200-day simple moving average of $6.98. The firm has a market capitalization of $5.24 million, a P/E ratio of -0.37 and a beta of 1.93.

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

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.