PicoCELA Inc. (NASDAQ:PCLA) Stock Short Interest Report for September

PicoCELA Inc. (NASDAQ:PCLA) was the recipient of a significant drop in short interest in September. As of September 30th, there was short interest totaling 36,037 shares, a drop of 83.5% from the September 15th total of 217,931 shares. Based on an average daily volume of 52,427 shares, the days-to-cover ratio is currently 0.7 days. Approximately 90.1% of the company’s shares are sold short.

Analysts Set New Price Targets

A number of equities analysts have recently commented on PCLA shares. Weiss Ratings lowered shares of PicoCELA from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, September 24th. Wall Street Zen upgraded shares of PicoCELA to a “hold” rating in a research report on Saturday, July 25th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, PicoCELA currently has a consensus rating of “Sell”.

PicoCELA Trading Down 0.6%

NASDAQ PCLA opened at $6.61 on Friday. The company has a fifty day moving average price of $7.01 and a 200-day moving average price of $5.12. PicoCELA has a 1 year low of $1.35 and a 1 year high of $19.61.

PicoCELA (NASDAQ:PCLA) last issued its quarterly earnings results on Friday, September 18th. The company reported ($3.30) EPS for the quarter. The company had revenue of $1.16 million during the quarter.

About PicoCELA

PicoCELA, Inc (NASDAQ: PCLA) is a Japan-based wireless communications technology company that develops solutions for building and managing wireless networks. Its technology is designed to extend wireless coverage and improve connectivity in locations where conventional wired network infrastructure may be difficult or expensive to deploy.

The company’s offerings include wireless access points and related network products, as well as software and cloud-based tools for configuring, monitoring and managing wireless infrastructure.