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

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

Wall Street Analyst Weigh In

PMI has been the topic of a number of analyst reports. Zacks Research upgraded PMI to a “hold” rating in a research note on Tuesday, May 19th. HC Wainwright reissued a “neutral” rating on shares of PMI in a research note on Wednesday, June 3rd. Two investment 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 Price Performance

NYSEAMERICAN:PMI traded up $0.62 on Friday, hitting $5.04. The company’s stock had a trading volume of 279,540 shares, compared to its average volume of 836,527. PMI has a one year low of $2.65 and a one year high of $684.00. The stock has a fifty day moving average of $9.94 and a two-hundred day moving average of $25.10.

PMI (NYSEAMERICAN:PMI) last posted its earnings results on Wednesday, August 19th. The company reported ($3.05) earnings per share 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 for the quarter. On average, analysts anticipate that PMI will post -8.5 earnings per share 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.