Nocera, Inc. (NASDAQ:NCRA) Sees Large Increase in Short Interest

Nocera, Inc. (NASDAQ:NCRA) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 539,623 shares, a growth of 170.7% from the June 15th total of 199,316 shares. Approximately 111.7% of the company’s shares are sold short. Based on an average daily trading volume, of 4,046,234 shares, the short-interest ratio is currently 0.1 days.

Nocera Stock Performance

Shares of NCRA stock opened at $1.47 on Tuesday. Nocera has a 52 week low of $1.40 and a 52 week high of $72.00. The company has a market capitalization of $749,700.00, a price-to-earnings ratio of -6.68 and a beta of 1.89. The company has a 50-day simple moving average of $4.68 and a 200 day simple moving average of $10.50.

Nocera (NASDAQ:NCRA) last issued its quarterly earnings results on Wednesday, April 15th. The company reported ($1.50) earnings per share (EPS) for the quarter. The company had revenue of $3.52 million during the quarter. Nocera had a negative net margin of 44.02% and a negative return on equity of 207.32%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on NCRA shares. Wall Street Zen downgraded shares of Nocera to a “strong sell” rating in a research note on Sunday. Weiss Ratings reissued a “sell (e+)” rating on shares of Nocera in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

About Nocera

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.