PMI (NYSEAMERICAN:PMI) Short Interest Update

PMI (NYSEAMERICAN:PMI) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 3,028,419 shares, a growth of 125.1% from the May 31st total of 1,345,383 shares. Based on an average daily volume of 114,031,474 shares, the days-to-cover ratio is presently 0.0 days. Currently, 3.3% of the shares of the stock are sold short.

PMI Trading Up 9.3%

Shares of PMI opened at $0.16 on Tuesday. The company has a quick ratio of 0.16, a current ratio of 0.75 and a debt-to-equity ratio of 0.01. The firm’s 50-day simple moving average is $0.30. PMI has a 12-month low of $0.11 and a 12-month high of $13.68.

PMI (NYSEAMERICAN:PMI) last issued its quarterly earnings data on Friday, May 15th. The company reported ($0.10) EPS for the quarter. The firm had revenue of $1.15 million during the quarter. As a group, research analysts expect that PMI will post -0.17 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. HC Wainwright restated a “neutral” rating on shares of PMI in a research report on Wednesday, June 3rd. Zacks Research upgraded PMI to a “hold” rating in a research report on Tuesday, May 19th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, PMI currently has a consensus rating of “Hold”.

PMI Company Profile

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.