PMI (NYSEAMERICAN:PMI) Short Interest Update

PMI (NYSEAMERICAN:PMI) was the recipient of a large decline in short interest in July. As of July 31st, there was short interest totaling 3,727,759 shares, a decline of 75.8% from the July 15th total of 15,397,813 shares. Approximately 181.8% of the company’s stock are short sold. Based on an average trading volume of 6,900,393 shares, the short-interest ratio is currently 0.5 days.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. HC Wainwright reiterated 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 report on Tuesday, May 19th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

PMI Trading Up 0.6%

Shares of PMI stock traded up $0.02 during trading on Friday, reaching $3.53. The company had a trading volume of 41,055 shares, compared to its average volume of 107,666. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.16 and a current ratio of 0.75. The firm’s fifty day moving average is $11.69 and its 200-day moving average is $36.04. PMI has a fifty-two week low of $3.08 and a fifty-two week high of $684.00.

PMI (NYSEAMERICAN:PMI) last issued its quarterly earnings results on Friday, May 15th. The company reported ($5.00) earnings per share for the quarter. The firm had revenue of $1.15 million during the quarter. Sell-side analysts forecast that PMI will post -8.5 EPS for the current year.

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.