PMI (NYSEAMERICAN:PMI) Short Interest Update

PMI (NYSEAMERICAN:PMI) was the recipient of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 1,345,383 shares, a growth of 183.1% from the May 14th total of 475,224 shares. Currently, 1.5% of the company’s stock are sold short. Based on an average daily trading volume, of 45,648,473 shares, the short-interest ratio is currently 0.0 days.

PMI Price Performance

Shares of NYSEAMERICAN:PMI traded down $0.00 during midday trading on Friday, hitting $0.18. The stock had a trading volume of 8,413,772 shares, compared to its average volume of 82,567,344. PMI has a 12 month low of $0.11 and a 12 month high of $13.68. The company has a current ratio of 0.75, a quick ratio of 0.16 and a debt-to-equity ratio of 0.01. The business has a 50-day moving average of $0.47.

PMI (NYSEAMERICAN:PMI) last released its earnings results on Friday, May 15th. The company reported ($0.10) earnings per share for the quarter. The company had revenue of $1.15 million for the quarter. On average, research analysts expect that PMI will post -0.17 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on PMI shares. HC Wainwright reissued a “neutral” rating on shares of PMI in a research note on Wednesday, June 3rd. Zacks Research raised shares of PMI to a “hold” rating in a research note on Tuesday, May 19th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

PMI Company Profile

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.