Micware Co., Ltd. (NASDAQ:MWC) Shares Shorted: Short Interest Up 215.8% in October

Micware Co., Ltd. (NASDAQ:MWC) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 89,390 shares, an increase of 215.8% from the September 30th total of 28,305 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 156,148 shares, the short-interest ratio is currently 0.6 days.

Analysts Set New Price Targets

Separately, Weiss Ratings began coverage on Micware in a report on Tuesday, August 11th. They issued a “sell (e-)” rating for the company. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Micware Stock Performance

NASDAQ:MWC opened at $1.48 on Thursday. The firm has a 50-day moving average price of $1.60. The company has a current ratio of 1.66, a quick ratio of 1.65 and a debt-to-equity ratio of 0.31. Micware has a fifty-two week low of $0.78 and a fifty-two week high of $13.95.

Micware Company Profile

Micware Co Ltd. is a provider of software development services and an IT solution mainly focused on the automotive and mobility sectors. The Company is primarily engaged in the development and sale of IVI systems covering multimedia, navigation, human machine interface, telematics, and driver assistance, as well as navigation software and location information-based smartphone applications. Micware Co Ltd. is based in KOBE, Japan.