PicoCELA Inc. (NASDAQ:PCLA) Stock Short Interest Report for October

PicoCELA Inc. (NASDAQ:PCLA) was the target of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 169,325 shares, an increase of 207.4% from the October 15th total of 55,080 shares. Currently, 423.3% of the company’s stock are sold short. Based on an average daily trading volume, of 2,766,197 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Ratings Changes

Several research firms have commented on PCLA. Weiss Ratings downgraded shares of PicoCELA from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, September 24th. Wall Street Zen upgraded shares of PicoCELA to a “hold” rating in a research note on Saturday, July 25th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, PicoCELA currently has an average rating of “Sell”.

PicoCELA Price Performance

NASDAQ:PCLA traded down $0.17 during mid-day trading on Thursday, hitting $6.20. 14,893 shares of the company’s stock traded hands, compared to its average volume of 1,576,419. The firm has a 50 day moving average of $6.88 and a two-hundred day moving average of $5.13. PicoCELA has a 12 month low of $1.35 and a 12 month high of $19.61.

PicoCELA (NASDAQ:PCLA) last issued its quarterly earnings results on Friday, September 18th. The company reported ($3.30) EPS for the quarter. The business had revenue of $1.16 million during the quarter.

PicoCELA Company Profile

PicoCELA, Inc. is a Japan-based technology company focused on wireless communications and networking. The company develops solutions designed to provide wireless connectivity in locations where installing extensive wired network infrastructure may be difficult, costly or impractical. Its product portfolio includes wireless access points, mesh-networking equipment and related software and services. PicoCELA’s technology is intended to support wireless backhaul, allowing network devices to relay data across multiple links and extend coverage.