Short Interest in Nocera, Inc. (NASDAQ:NCRA) Rises By 170.7%

Nocera, Inc. (NASDAQ:NCRA) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 539,623 shares, a growth of 170.7% from the June 15th total of 199,316 shares. Based on an average daily trading volume, of 4,046,234 shares, the days-to-cover ratio is currently 0.1 days. Currently, 111.7% of the shares of the company are sold short.

Analyst Ratings Changes

A number of research analysts have recently commented on NCRA shares. Wall Street Zen downgraded Nocera to a “strong sell” rating in a research note on Sunday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Nocera in a report on Wednesday, June 24th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Nocera Stock Up 5.5%

Shares of NASDAQ:NCRA traded up $0.08 during midday trading on Wednesday, reaching $1.53. 157,504 shares of the company traded hands, compared to its average volume of 380,280. The firm’s fifty day moving average price is $4.55 and its two-hundred day moving average price is $10.33. The firm has a market capitalization of $780,300.00, a price-to-earnings ratio of -6.95 and a beta of 1.89. Nocera has a 12 month low of $1.39 and a 12 month high of $72.00.

Nocera (NASDAQ:NCRA) last issued its earnings results on Wednesday, April 15th. The company reported ($1.50) EPS for the quarter. The company had revenue of $3.52 million during the quarter. Nocera had a negative return on equity of 207.32% and a negative net margin of 44.02%.

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.