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

Nocera, Inc. (NASDAQ:NCRA) saw a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 125,796 shares, a decline of 36.2% from the August 15th total of 197,076 shares. Based on an average trading volume of 5,927,584 shares, the short-interest ratio is presently 0.0 days. Approximately 5.6% of the shares of the stock are short sold.

Nocera Stock Down 0.5%

Shares of NASDAQ:NCRA traded down $0.01 on Thursday, hitting $1.98. The company had a trading volume of 72,046 shares, compared to its average volume of 1,504,625. The firm’s 50-day simple moving average is $1.90 and its two-hundred day simple moving average is $4.65. The firm has a market capitalization of $4.71 million, a price-to-earnings ratio of -0.30 and a beta of 1.99. Nocera has a 1 year low of $1.30 and a 1 year high of $72.00.

Nocera (NASDAQ:NCRA) last posted its quarterly earnings data on Wednesday, August 5th. The company reported ($0.99) earnings per share for the quarter. The firm had revenue of $2.14 million for the quarter. Nocera had a negative net margin of 59.98% and a negative return on equity of 226.49%.

Analyst Upgrades and Downgrades

NCRA has been the topic of a number of research reports. Wall Street Zen cut Nocera to a “strong sell” rating in a report on Sunday, July 12th. Weiss Ratings lowered shares of Nocera from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, August 17th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Nocera presently has an average rating of “Sell”.

Nocera Company Profile

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.