Nocera, Inc. (NASDAQ:NCRA) Short Interest Down 45.4% in August

Nocera, Inc. (NASDAQ:NCRA) was the target of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 197,076 shares, a decrease of 45.4% from the July 30th total of 361,062 shares. Approximately 9.7% of the shares of the company are short sold. Based on an average daily trading volume, of 1,479,355 shares, the short-interest ratio is presently 0.1 days.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on NCRA shares. Wall Street Zen cut Nocera to a “strong sell” rating in a research report on Sunday, July 12th. Weiss Ratings lowered shares of Nocera from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, August 17th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Nocera presently has a consensus rating of “Sell”.

Nocera Price Performance

Shares of NCRA traded down $0.58 during trading hours on Tuesday, hitting $2.25. The stock had a trading volume of 542,620 shares, compared to its average volume of 1,589,588. The stock has a market capitalization of $4.82 million, a price-to-earnings ratio of -0.34 and a beta of 1.93. The company’s fifty day moving average is $2.03 and its two-hundred day moving average is $5.51. Nocera has a 52 week low of $1.30 and a 52 week high of $72.00.

Nocera (NASDAQ:NCRA) last posted its quarterly earnings data on Wednesday, August 5th. The company reported ($0.99) EPS for the quarter. Nocera had a negative return on equity of 224.17% and a negative net margin of 73.28%.The business had revenue of $2.14 million during the quarter.

Nocera Company Profile

Nocera, Inc, together with its subsidiaries, designs, develops, and produces recirculating aquaculture systems for fish farms in Taiwan. The company also offers consulting, technology transfer, and aquaculture project management services to new and existing aquaculture management business services. In addition, the company sells signature seafood porridge bowl through its flagship bento box store. The company was founded in 2014 and is headquartered in New Taipei City, Taiwan.