Micware Co., Ltd. (NASDAQ:MWC) Sees Large Growth in Short Interest

Micware Co., Ltd. (NASDAQ:MWC) was the target of a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 216,836 shares, an increase of 142.6% from the October 15th total of 89,390 shares. Based on an average daily volume of 126,702 shares, the days-to-cover ratio is presently 1.7 days. Approximately 0.4% of the company’s stock are sold short.

Micware Price Performance

MWC stock traded up $0.03 during mid-day trading on Friday, reaching $1.32. The company had a trading volume of 20,807 shares, compared to its average volume of 633,675. The company has a fifty day moving average of $1.57. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.34 and a quick ratio of 1.65. Micware has a fifty-two week low of $0.78 and a fifty-two week high of $13.95.

Micware (NASDAQ:MWC) last announced its quarterly earnings data on Tuesday, November 10th. The company reported $0.03 EPS for the quarter. The company had revenue of $33.22 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Micware from a “sell (e-)” rating to a “sell (e)” rating in a report on Monday, November 2nd. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, Micware presently has an average rating of “Sell”.

About Micware

Micware Co., Ltd. is a Japan-based mobility software company that develops technology for vehicles and connected mobility services. Its products include in-vehicle navigation and infotainment software, as well as connected-car solutions. Founded in 2003, the company works with automotive manufacturers and other mobility-industry customers. Its software is designed to support in-car user experiences and connected services.