PicoCELA Inc. (NASDAQ:PCLA) Stock Short Interest Report for October

PicoCELA Inc. (NASDAQ:PCLA) saw a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 169,325 shares, a growth of 207.4% from the October 15th total of 55,080 shares. Based on an average trading volume of 2,766,197 shares, the days-to-cover ratio is currently 0.1 days. Approximately 423.3% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Wall Street Zen raised PicoCELA to a “hold” rating in a report on Saturday, July 25th. Weiss Ratings lowered PicoCELA from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, September 24th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, PicoCELA has a consensus rating of “Sell”.

PicoCELA Stock Down 2.7%

Shares of NASDAQ PCLA traded down $0.17 during midday trading on Thursday, reaching $6.20. 14,893 shares of the company traded hands, compared to its average volume of 1,576,419. PicoCELA has a 12 month low of $1.35 and a 12 month high of $19.61. The stock’s 50-day simple moving average is $6.88 and its 200-day simple moving average is $5.13.

PicoCELA (NASDAQ:PCLA) last posted its earnings results on Friday, September 18th. The company reported ($3.30) earnings per share for the quarter. The firm had revenue of $1.16 million for the quarter.

About PicoCELA

PicoCELA, Inc. is a Japan-based technology company focused on wireless communications and networking. The company develops solutions designed to provide wireless connectivity in locations where installing extensive wired network infrastructure may be difficult, costly or impractical. Its product portfolio includes wireless access points, mesh-networking equipment and related software and services. PicoCELA’s technology is intended to support wireless backhaul, allowing network devices to relay data across multiple links and extend coverage.