PicoCELA Inc. (NASDAQ:PCLA) Shares Shorted: Short Interest Up 74.7% in September

PicoCELA Inc. (NASDAQ:PCLA) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totaling 217,931 shares, a growth of 74.7% from the August 31st total of 124,766 shares. Approximately 544.8% of the company’s stock are short sold. Based on an average daily volume of 1,302,041 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analyst Weigh In

Several analysts recently weighed in on PCLA shares. Weiss Ratings lowered PicoCELA from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, September 24th. Wall Street Zen raised PicoCELA to a “hold” rating in a report on Saturday, July 25th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

PicoCELA Trading Down 1.5%

PCLA stock opened at $6.68 on Friday. PicoCELA has a 1-year low of $1.35 and a 1-year high of $19.61. The firm has a fifty day moving average price of $6.85 and a two-hundred day moving average price of $4.96.

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

PicoCELA Company Profile

PicoCELA, Inc is a Japan-based communications technology company that develops wireless networking solutions for environments where conventional wired network infrastructure may be difficult or costly to install. Its technology is designed to help organizations deploy and manage wireless networks across commercial, industrial and public settings.

The company’s offerings are centered on proprietary wireless mesh networking and wireless backhaul technology, including its PicoCELA Engine platform and related wireless access point products.