PMI (NYSEAMERICAN:PMI) Short Interest Up 369.4% in August

PMI (NYSEAMERICAN:PMI) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 358,385 shares, an increase of 369.4% from the August 15th total of 76,345 shares. Based on an average trading volume of 7,692,858 shares, the short-interest ratio is currently 0.0 days. Approximately 15.3% of the company’s stock are sold short.

Analyst Ratings Changes

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

PMI Price Performance

NYSEAMERICAN PMI traded up $0.92 during mid-day trading on Friday, reaching $5.33. The stock had a trading volume of 495,981 shares, compared to its average volume of 4,433,968. PMI has a 1 year low of $2.65 and a 1 year high of $684.00. The company has a fifty day moving average price of $9.87 and a 200 day moving average price of $24.31.

PMI (NYSEAMERICAN:PMI) last posted its earnings results on Wednesday, August 19th. The company reported ($3.05) EPS for the quarter. PMI had a negative return on equity of 825.18% and a negative net margin of 444.83%.The business had revenue of $2.95 million during the quarter. As a group, research analysts expect that PMI will post -8.5 EPS for the current fiscal 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.