Short Interest in PMI (NYSEAMERICAN:PMI) Increases By 369.4%

PMI (NYSEAMERICAN:PMI) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 358,385 shares, a growth of 369.4% from the August 15th total of 76,345 shares. Based on an average daily volume of 7,692,858 shares, the short-interest ratio is currently 0.0 days. Currently, 15.3% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. HC Wainwright reissued a “neutral” rating on shares of PMI in a research note on Wednesday, June 3rd. Zacks Research upgraded shares of PMI to a “hold” rating in a report on Tuesday, May 19th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

PMI Stock Up 14.2%

Shares of NYSEAMERICAN:PMI traded up $0.62 during mid-day trading on Friday, reaching $5.04. 279,540 shares of the stock were exchanged, compared to its average volume of 836,527. PMI has a one year low of $2.65 and a one year high of $684.00. The stock’s 50 day simple moving average is $9.94 and its 200-day simple moving average is $25.10.

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

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.