Short Interest in Nocera, Inc. (NASDAQ:NCRA) Declines By 36.2%

Nocera, Inc. (NASDAQ:NCRA) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 125,796 shares, a drop of 36.2% from the August 15th total of 197,076 shares. Based on an average daily volume of 5,927,584 shares, the days-to-cover ratio is presently 0.0 days. Currently, 5.6% of the shares of the company are short sold.

Nocera Price Performance

NCRA stock opened at $1.98 on Friday. The company has a 50-day simple moving average of $1.91 and a 200 day simple moving average of $4.56. The company has a market capitalization of $4.71 million, a P/E ratio of -0.30 and a beta of 1.99. Nocera has a fifty-two week low of $1.30 and a fifty-two week high of $72.00.

Nocera (NASDAQ:NCRA) last released its earnings results on Wednesday, August 5th. The company reported ($0.99) EPS for the quarter. The company had revenue of $2.14 million for the quarter. Nocera had a negative net margin of 59.98% and a negative return on equity of 226.49%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on NCRA shares. Wall Street Zen downgraded Nocera to a “strong sell” rating in a research report on Sunday, July 12th. Weiss Ratings cut Nocera from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, August 17th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Nocera presently has an average rating of “Sell”.

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.