Short Interest in PMI (NYSEAMERICAN:PMI) Declines By 98.0%

PMI (NYSEAMERICAN:PMI) was the recipient of a large decrease in short interest in August. As of August 14th, there was short interest totaling 76,345 shares, a decrease of 98.0% from the July 30th total of 3,727,759 shares. Based on an average trading volume of 116,352 shares, the short-interest ratio is presently 0.7 days. Approximately 3.3% of the company’s stock are sold short.

PMI Price Performance

Shares of NYSEAMERICAN PMI traded up $4.42 on Tuesday, reaching $9.55. 41,378,584 shares of the company’s stock traded hands, compared to its average volume of 1,874,830. PMI has a 12 month low of $2.65 and a 12 month high of $684.00. The business’s 50 day simple moving average is $10.57 and its two-hundred day simple moving average is $31.44.

PMI (NYSEAMERICAN:PMI) last issued its quarterly earnings results on Wednesday, August 19th. The company reported ($3.05) EPS for the quarter. The company had revenue of $2.95 million during the quarter. PMI had a negative return on equity of 825.18% and a negative net margin of 444.83%. Analysts expect that PMI will post -8.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on PMI shares. Zacks Research upgraded PMI to a “hold” rating in a research report on Tuesday, May 19th. HC Wainwright reiterated a “neutral” rating on shares of PMI in a report on Wednesday, June 3rd. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average 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.