Short Interest in PONOU (NASDAQ:PONOU) Declines By 75.0%

PONOU (NASDAQ:PONOU) was the target of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 1,363 shares, a drop of 75.0% from the May 31st total of 5,458 shares. Based on an average trading volume of 1,613 shares, the days-to-cover ratio is presently 0.8 days.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised PONOU to a “hold” rating in a research report on Saturday, March 21st.

PONOU Price Performance

NASDAQ:PONOU opened at $10.18 on Friday. PONOU has a 52 week low of $9.96 and a 52 week high of $13.00. The company’s 50 day moving average price is $10.12.