Short Interest in Pixie Dust Technologies, Inc. (NASDAQ:PXDT) Drops By 18.8%

Pixie Dust Technologies, Inc. (NASDAQ:PXDT) saw a significant decrease in short interest in the month of July. As of July 15th, there was short interest totalling 6,900 shares, a decrease of 18.8% from the June 30th total of 8,500 shares. Based on an average daily volume of 11,100 shares, the days-to-cover ratio is currently 0.6 days.

Pixie Dust Technologies Stock Performance

Shares of NASDAQ PXDT traded up $0.07 during mid-day trading on Tuesday, reaching $1.50. 2,715 shares of the company’s stock traded hands, compared to its average volume of 13,315. The company has a quick ratio of 2.04, a current ratio of 2.18 and a debt-to-equity ratio of 0.01. The business has a 50-day simple moving average of $1.79 and a 200 day simple moving average of $3.04. Pixie Dust Technologies has a 1-year low of $1.28 and a 1-year high of $10.51.

Analysts Set New Price Targets

Separately, Fundamental Research set a $5.21 price target on shares of Pixie Dust Technologies and gave the company a “buy” rating in a research report on Tuesday, April 23rd.

Pixie Dust Technologies Company Profile

Pixie Dust Technologies, Inc, a technology company, focuses on personal care and diversity, and workspace and digital transformation businesses primarily in Japan. It offers SonoRepro, an ultrasonic non-contact vibrotactile stimulation scalp care device; VUEVO, a series of directional voice arrival detection devices for individuals with deaf and hard-of-hearing; and kikippa, an acoustic stimulation device functioning as a desk-top speaker.