PicoCELA Inc. (NASDAQ:PCLA) Shares Shorted: Short Interest Up 74.7% in September

PicoCELA Inc. (NASDAQ:PCLA) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 217,931 shares, a growth of 74.7% from the August 31st total of 124,766 shares. Approximately 544.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,302,041 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analysts Forecast Growth

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

PicoCELA Stock Down 1.5%

Shares of NASDAQ:PCLA traded down $0.10 during mid-day trading on Thursday, hitting $6.68. The stock had a trading volume of 9,013 shares, compared to its average volume of 706,730. PicoCELA has a 12-month low of $1.35 and a 12-month high of $19.61. The company’s 50 day moving average is $6.82 and its 200-day moving average is $4.93.

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

PicoCELA Company Profile

PicoCELA, Inc is a Japan-based communications technology company that develops wireless networking solutions for environments where conventional wired network infrastructure may be difficult or costly to install. Its technology is designed to help organizations deploy and manage wireless networks across commercial, industrial and public settings.

The company’s offerings are centered on proprietary wireless mesh networking and wireless backhaul technology, including its PicoCELA Engine platform and related wireless access point products.