PicoCELA Inc. (NASDAQ:PCLA) Short Interest Update

PicoCELA Inc. (NASDAQ:PCLAGet Free Report) saw a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 126,693 shares, an increase of 1,375.2% from the May 14th total of 8,588 shares. Approximately 333.4% of the shares of the company are sold short. Based on an average daily trading volume, of 9,565,111 shares, the short-interest ratio is presently 0.0 days.

Hedge Funds Weigh In On PicoCELA

An institutional investor recently bought a new position in PicoCELA stock. Jane Street Group LLC purchased a new position in shares of PicoCELA Inc. (NASDAQ:PCLAFree Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 172,132 shares of the company’s stock, valued at approximately $52,000. Jane Street Group LLC owned about 18.92% of PicoCELA at the end of the most recent reporting period.

PicoCELA Stock Down 11.0%

NASDAQ PCLA traded down $0.80 during trading hours on Tuesday, hitting $6.50. 21,633 shares of the company’s stock were exchanged, compared to its average volume of 4,442,103. The business’s 50 day moving average is $3.60 and its 200-day moving average is $5.15. PicoCELA has a 12-month low of $1.35 and a 12-month high of $112.20. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.57 and a current ratio of 2.13.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of PicoCELA in a research report on Wednesday, April 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, PicoCELA currently has an average rating of “Sell”.

Check Out Our Latest Analysis on PicoCELA

PicoCELA Company Profile

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PicoCELA, Inc is a clinical-stage biotechnology company focused on the development of next-generation vaccines and immunotherapies based on its proprietary self-assembling protein nanoparticle platform. The company engineers functionalized, virus-like protein particles designed to present disease-relevant antigens in their native conformation, with the goal of eliciting potent B-cell and T-cell responses. PicoCELA’s platform enables the rapid design and production of vaccine candidates against infectious diseases as well as antigen-specific immunotherapies for certain cancers.

The company’s pipeline includes vaccine programs targeting SARS-CoV-2 and other respiratory pathogens, leveraging its nanoparticle scaffolds to display full-length viral spike proteins or other key antigens.

Further Reading

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