PMI (NYSEAMERICAN:PMI) Short Interest Update

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. Currently, 3.3% of the company’s shares are sold short. Based on an average daily trading volume, of 116,352 shares, the short-interest ratio is presently 0.7 days.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Zacks Research raised shares of PMI to a “hold” rating in a research report on Tuesday, May 19th. HC Wainwright reaffirmed a “neutral” rating on shares of PMI in a research report on Wednesday, June 3rd. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

PMI Trading Down 9.5%

Shares of PMI stock traded down $0.91 on Wednesday, reaching $8.64. The stock had a trading volume of 1,407,363 shares, compared to its average volume of 833,677. The business’s 50 day moving average is $10.57 and its two-hundred day moving average is $31.44. PMI has a 1 year low of $2.65 and a 1 year high of $684.00.

PMI (NYSEAMERICAN:PMI) last posted its earnings results on Wednesday, August 19th. The company reported ($3.05) earnings per share (EPS) for the quarter. The firm 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%. On average, equities analysts expect that PMI will post -8.5 earnings per share for the current fiscal year.

About PMI

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.