Short Interest in Micware Co., Ltd. (NASDAQ:MWC) Drops By 72.0%

Micware Co., Ltd. (NASDAQ:MWC) was the recipient of a large decline in short interest during 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 trading volume, of 369,845 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Weiss Ratings assumed coverage on shares of Micware in a research report on Tuesday, August 11th. They issued a “sell (e-)” rating for the company. Wall Street Zen raised shares of Micware to a “hold” rating in a research report on Saturday, May 23rd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Micware Price Performance

MWC stock traded down $0.05 during midday trading on Friday, reaching $1.42. The stock had a trading volume of 92,228 shares, compared to its average volume of 319,960. The firm has a fifty day simple moving average of $2.20. Micware has a 52-week low of $0.78 and a 52-week high of $13.95.

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

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.