PMI (NYSEAMERICAN:PMI) Short Interest Up 358.0% in July

PMI (NYSEAMERICAN:PMI) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 15,397,813 shares, a growth of 358.0% from the June 30th total of 3,361,606 shares. Based on an average trading volume of 55,747,477 shares, the short-interest ratio is presently 0.3 days. Currently, 15.0% of the company’s shares are short sold.

PMI Stock Up 4,893.7%

NYSEAMERICAN:PMI opened at $4.39 on Friday. The company has a quick ratio of 0.16, a current ratio of 0.75 and a debt-to-equity ratio of 0.01. PMI has a 1-year low of $0.09 and a 1-year high of $13.68. The business has a 50-day simple moving average of $0.17.

PMI shares are going to reverse split on the morning of Monday, August 3rd. The 1-50 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, August 2nd.

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

Wall Street Analyst Weigh In

PMI has been the subject of a number of recent analyst reports. HC Wainwright reissued a “neutral” rating on shares of PMI in a research note on Wednesday, June 3rd. Zacks Research upgraded shares of PMI to a “hold” rating in a research note on Tuesday, May 19th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, PMI has an average 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.