PMI (NYSEAMERICAN:PMI) Sees Significant Decrease in Short Interest

PMI (NYSEAMERICAN:PMI) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 475,224 shares, a drop of 57.2% from the April 30th total of 1,110,773 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily volume of 4,324,602 shares, the days-to-cover ratio is currently 0.1 days.

PMI Trading Down 1.7%

PMI stock traded down $0.00 during trading on Friday, reaching $0.15. The stock had a trading volume of 16,145,277 shares, compared to its average volume of 22,821,920. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.16 and a current ratio of 0.75. PMI has a one year low of $0.11 and a one year high of $13.68. The stock has a 50 day moving average price of $0.63.

PMI (NYSEAMERICAN:PMI) last announced its quarterly earnings data on Friday, May 15th. The company reported ($0.10) earnings per share (EPS) for the quarter. The business had revenue of $1.15 million during the quarter. Research analysts anticipate that PMI will post -0.17 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on PMI. HC Wainwright began coverage on PMI in a report on Monday, May 18th. They issued a “neutral” rating on the stock. Zacks Research raised shares of PMI to a “hold” rating in a research note on Tuesday, May 19th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

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.