Micware Co., Ltd. (NASDAQ:MWC) Stock Short Interest Climbs 215.8%

Micware Co., Ltd. (NASDAQ:MWC) saw a large growth in short interest in October. As of October 15th, there was short interest totaling 89,390 shares, a growth of 215.8% from the September 30th total of 28,305 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 156,148 shares, the days-to-cover ratio is presently 0.6 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings initiated coverage on shares of Micware in a research report on Tuesday, August 11th. They set a “sell (e-)” rating for the company. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, Micware has an average rating of “Sell”.

Micware Trading Down 7.8%

Shares of NASDAQ:MWC traded down $0.12 during trading on Friday, hitting $1.41. 108,763 shares of the company were exchanged, compared to its average volume of 670,452. Micware has a 52-week low of $0.78 and a 52-week high of $13.95. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.66 and a quick ratio of 1.65. The firm’s 50 day moving average is $1.60.

About Micware

Micware Co Ltd. is a provider of software development services and an IT solution mainly focused on the automotive and mobility sectors. The Company is primarily engaged in the development and sale of IVI systems covering multimedia, navigation, human machine interface, telematics, and driver assistance, as well as navigation software and location information-based smartphone applications. Micware Co Ltd. is based in KOBE, Japan.