Short Interest in PMI (NYSEAMERICAN:PMI) Declines By 98.0%

PMI (NYSEAMERICAN:PMI) was the target of a large decrease in short interest in August. As of August 14th, there was short interest totaling 76,345 shares, a decrease of 98.0% from the July 30th total of 3,727,759 shares. Approximately 3.3% of the shares of the stock are short sold. Based on an average daily volume of 116,352 shares, the short-interest ratio is currently 0.7 days.

PMI Stock Performance

Shares of NYSEAMERICAN:PMI traded up $4.42 during trading on Tuesday, reaching $9.55. 41,378,584 shares of the company traded hands, compared to its average volume of 1,874,830. PMI has a 52-week low of $2.65 and a 52-week high of $684.00. The business’s fifty day moving average is $10.57 and its 200-day moving average is $31.44.

PMI (NYSEAMERICAN:PMI) last issued its quarterly earnings data on Wednesday, August 19th. The company reported ($3.05) EPS for the quarter. PMI had a negative net margin of 444.83% and a negative return on equity of 825.18%. The firm had revenue of $2.95 million for the quarter. Equities research analysts predict that PMI will post -8.5 earnings per share for the current year.

Analysts Set New Price Targets

PMI has been the subject of several analyst reports. HC Wainwright reissued a “neutral” rating on shares of PMI in a report on Wednesday, June 3rd. Zacks Research raised PMI to a “hold” rating in a research note on Tuesday, May 19th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.

About PMI

Picard Medical Inc is a medical technology company which manufactures and sells the only total artificial heart. Picard Medical Inc is based in TUCSON, Ariz.