Nocera, Inc. (NASDAQ:NCRA) Short Interest Down 45.6% in June

Nocera, Inc. (NASDAQ:NCRA) saw a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 199,316 shares, a drop of 45.6% from the May 31st total of 366,291 shares. Approximately 1.4% of the shares of the company are short sold. Based on an average daily trading volume, of 42,644,618 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Nocera in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Nocera has a consensus rating of “Sell”.

Nocera Trading Down 34.4%

Shares of NCRA opened at $0.07 on Friday. Nocera has a 12 month low of $0.06 and a 12 month high of $2.40. The stock’s 50 day moving average is $0.18 and its two-hundred day moving average is $0.39. The firm has a market cap of $1.01 million, a P/E ratio of -0.30 and a beta of 1.89.

Nocera (NASDAQ:NCRA) last announced its earnings results on Thursday, May 14th. The company reported ($0.09) earnings per share for the quarter. Nocera had a negative return on equity of 207.32% and a negative net margin of 44.02%.The business had revenue of $2.28 million for the quarter.

About Nocera

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.