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

Nocera, Inc. (NASDAQ:NCRA) saw a large decline in short interest in the month of June. As of June 15th, there was short interest totalling 11,500 shares, a decline of 22.8% from the May 31st total of 14,900 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 6,000 shares, the days-to-cover ratio is currently 1.9 days.

Nocera Stock Performance

Shares of NCRA remained flat at $1.10 on Friday. 2,089 shares of the company were exchanged, compared to its average volume of 3,559. The stock’s 50 day simple moving average is $1.13 and its 200 day simple moving average is $1.20. Nocera has a twelve month low of $0.93 and a twelve month high of $3.10. The stock has a market cap of $14.91 million, a PE ratio of -2.89 and a beta of 1.36. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.87 and a quick ratio of 0.83.

Nocera (NASDAQ:NCRA) last posted its quarterly earnings results on Wednesday, May 15th. The company reported ($0.04) earnings per share for the quarter. Nocera had a negative net margin of 15.16% and a negative return on equity of 78.71%. The company had revenue of $4.90 million during the quarter.

Hedge Funds Weigh In On Nocera

A hedge fund recently bought a new stake in Nocera stock. Sabby Management LLC bought a new stake in Nocera, Inc. (NASDAQ:NCRA) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 28,528 shares of the company’s stock, valued at approximately $44,000. Sabby Management LLC owned 0.28% of Nocera at the end of the most recent quarter. 1.26% of the stock is owned by institutional investors and hedge funds.

About Nocera

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.