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

PicoCELA Inc. (NASDAQ:PCLA) was the target of a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 169,325 shares, an increase of 207.4% from the October 15th total of 55,080 shares. Currently, 423.3% of the company’s stock are short sold. Based on an average daily volume of 2,766,197 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Ratings Changes

Several equities analysts have recently issued reports on PCLA shares. Weiss Ratings lowered shares of PicoCELA from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, September 24th. Wall Street Zen upgraded PicoCELA to a “hold” rating in a research note on Saturday, July 25th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

PicoCELA Price Performance

Shares of PCLA traded down $0.07 during trading hours on Friday, hitting $6.12. The company had a trading volume of 7,136 shares, compared to its average volume of 751,372. The firm has a fifty day moving average price of $6.88 and a 200-day moving average price of $5.13. PicoCELA has a 52-week low of $1.35 and a 52-week high of $19.61.

PicoCELA (NASDAQ:PCLA) last announced its quarterly earnings data on Friday, September 18th. The company reported ($3.30) EPS for the quarter. The company had revenue of $1.16 million for the quarter.

PicoCELA Company Profile

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.