Nocera, Inc. (NASDAQ:NCRA) Short Interest Up 926.9% in July

Nocera, Inc. (NASDAQ:NCRA) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 361,062 shares, a growth of 926.9% from the July 15th total of 35,160 shares. Based on an average daily volume of 10,844,457 shares, the days-to-cover ratio is presently 0.0 days. Currently, 17.8% of the shares of the stock are sold short.

Nocera Trading Up 19.5%

NASDAQ:NCRA traded up $0.40 during midday trading on Tuesday, hitting $2.45. 13,667,486 shares of the company traded hands, compared to its average volume of 6,718,105. The firm has a market capitalization of $5.24 million, a P/E ratio of -0.37 and a beta of 1.93. The firm’s fifty day moving average is $2.56 and its 200-day moving average is $6.98. Nocera has a 12-month low of $1.30 and a 12-month high of $72.00.

Nocera (NASDAQ:NCRA) last posted its quarterly earnings data on Wednesday, August 5th. The company reported ($0.99) EPS for the quarter. Nocera had a negative return on equity of 224.17% and a negative net margin of 73.28%.The firm had revenue of $2.14 million for the quarter.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NCRA. Wall Street Zen cut shares of Nocera to a “strong sell” rating in a research report on Sunday, July 12th. Weiss Ratings upgraded Nocera from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 23rd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Nocera has a consensus rating of “Sell”.

Nocera Company Profile

Nocera, Inc, together with its subsidiaries, designs, develops, and produces recirculating aquaculture systems for fish farms in Taiwan. The company also offers consulting, technology transfer, and aquaculture project management services to new and existing aquaculture management business services. In addition, the company sells signature seafood porridge bowl through its flagship bento box store. The company was founded in 2014 and is headquartered in New Taipei City, Taiwan.