Micware Co., Ltd. (NASDAQ:MWC) Short Interest Update

Micware Co., Ltd. (NASDAQ:MWC) saw a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 39,448 shares, a decline of 72.0% from the July 30th total of 140,698 shares. Based on an average daily volume of 369,845 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Micware Trading Down 3.4%

Shares of MWC stock traded down $0.05 during trading on Friday, hitting $1.42. The company had a trading volume of 92,228 shares, compared to its average volume of 319,960. The business’s 50-day simple moving average is $2.20. Micware has a 52 week low of $0.78 and a 52 week high of $13.95.

Micware (NASDAQ:MWC) last announced its earnings results on Tuesday, May 19th. The company reported $0.05 earnings per share for the quarter. The company had revenue of $35.28 million during the quarter.

Wall Street Analysts Forecast Growth

Several research analysts have commented on MWC shares. Wall Street Zen upgraded Micware to a “hold” rating in a research note on Saturday, May 23rd. Weiss Ratings began coverage on Micware in a research report on Tuesday, August 11th. They set a “sell (e-)” rating on the stock. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Micware Company Profile

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.