PicoCELA Inc. (NASDAQ:PCLA) Shares Shorted: Short Interest Down 83.5% in September

PicoCELA Inc. (NASDAQ:PCLA) was the target of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 36,037 shares, a decline of 83.5% from the September 15th total of 217,931 shares. Based on an average daily volume of 52,427 shares, the short-interest ratio is currently 0.7 days. Approximately 90.1% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Wall Street Zen upgraded PicoCELA to a “hold” rating in a research note on Saturday, July 25th. Weiss Ratings cut PicoCELA from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, September 24th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

PicoCELA Stock Down 0.6%

PCLA traded down $0.04 during midday trading on Friday, reaching $6.61. The company had a trading volume of 16,574 shares, compared to its average volume of 354,281. PicoCELA has a 12-month low of $1.35 and a 12-month high of $19.61. The business has a 50-day moving average price of $7.01 and a two-hundred day moving average price of $5.12.

PicoCELA (NASDAQ:PCLA) last released its earnings results on Friday, September 18th. The company reported ($3.30) earnings per share for the quarter. The firm had revenue of $1.16 million for the quarter.

PicoCELA Company Profile

PicoCELA, Inc (NASDAQ: PCLA) is a Japan-based wireless communications technology company that develops solutions for building and managing wireless networks. Its technology is designed to extend wireless coverage and improve connectivity in locations where conventional wired network infrastructure may be difficult or expensive to deploy.

The company’s offerings include wireless access points and related network products, as well as software and cloud-based tools for configuring, monitoring and managing wireless infrastructure.