Micware Co., Ltd. (NASDAQ:MWC) Short Interest Down 72.0% in August

Micware Co., Ltd. (NASDAQ:MWC) was the recipient of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 39,448 shares, a decrease of 72.0% from the July 30th total of 140,698 shares. Based on an average trading volume of 369,845 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

Micware Trading Up 3.5%

MWC traded up $0.05 during midday trading on Thursday, reaching $1.47. 179,576 shares of the company’s stock were exchanged, compared to its average volume of 993,340. Micware has a 1-year low of $0.78 and a 1-year high of $13.95. The company’s 50-day moving average price is $2.29.

Micware (NASDAQ:MWC) last released its quarterly earnings results on Tuesday, May 19th. The company reported $0.05 EPS for the quarter. The business had revenue of $35.28 million during the quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Weiss Ratings started coverage on Micware in a report on Tuesday, August 11th. They issued a “sell (e-)” rating for the company. Wall Street Zen upgraded shares of Micware to a “hold” rating in a report on Saturday, May 23rd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

About Micware

Micware Co Ltd. is a provider of software development services and an IT solution mainly focused on the automotive and mobility sectors. The Company is primarily engaged in the development and sale of IVI systems covering multimedia, navigation, human machine interface, telematics, and driver assistance, as well as navigation software and location information-based smartphone applications. Micware Co Ltd. is based in KOBE, Japan.