Short Interest in PMI (NYSEAMERICAN:PMI) Expands By 86.9%

PMI (NYSEAMERICAN:PMIGet Free Report) was the target of a large growth in short interest in April. As of April 30th, there was short interest totaling 1,110,773 shares, a growth of 86.9% from the April 15th total of 594,449 shares. Approximately 1.5% of the company’s shares are short sold. Based on an average daily volume of 3,055,241 shares, the short-interest ratio is presently 0.4 days.

PMI Stock Performance

PMI stock traded up $0.01 during midday trading on Monday, hitting $0.17. 336,714,100 shares of the company were exchanged, compared to its average volume of 4,041,099. The stock has a fifty day simple moving average of $0.82. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.72 and a current ratio of 1.11. PMI has a fifty-two week low of $0.13 and a fifty-two week high of $13.68.

PMI (NYSEAMERICAN:PMIGet Free Report) last released its quarterly earnings results on Friday, May 15th. The company reported ($0.10) EPS for the quarter. The company had revenue of $1.15 million during the quarter.

Wall Street Analyst Weigh In

Separately, HC Wainwright assumed coverage on PMI in a research note on Monday. They issued a “neutral” rating on the stock. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, PMI has a consensus rating of “Hold”.

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PMI Company Profile

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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.

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