Nocera slipped 2.3% over the past week to 21 cents, but the real story unfolded in the lending market — short interest collapsed by half and cost to borrow fell from 88% to 47%. Utilisation remains elevated at 76%, though down from the 90% peak hit ten days ago.
NCRA closed at $0.21 on April 24, up 3.6% on the day but down 2.3% for the week. The stock is off 2.6% over the past month. Trading in the micro-cap construction-engineering name remains thin.
Short interest stood at 200,090 shares (1.4% of float) as of April 23. That represents a 50% decline from a week earlier, when the estimate peaked near 318,000 shares. The April 17 level was the highest in the past 30 days.
A fortnightly FINRA report on April 15 showed 410,452 shares short. Days to cover sits at 1.0.
Cost to borrow fell to 47% from 54% a week ago. The April 15 reading of 191% was the highest in the past month. Borrowing costs have since retraced sharply as short sellers covered.
Utilisation measured 76% on April 23, up from 68% a week prior but down from the 90% peak on April 13. That April 13 print marked the 52-week high. Lendable supply remains moderately tight, though conditions have eased from two weeks ago.
Enterprise value stood at $14.1 million as of December 31. The reading is stale by 115 days.
NCRA scores in the 6th percentile for utilisation rank and short score rank — both measure extreme positioning in the tails. Dividend score sits at the 24th percentile. Sector score reaches the 70th percentile. Days to cover ranks at the 62nd percentile.
Song-Yuan Teng added 600,000 shares in a filing dated April 13, lifting the stake to 3.5% of shares outstanding. Ching-An Jin added 300,000 shares, now holding 3.2%. Sean Filson, Feng-Hua Chen, Yiwen Zhang, and Hui-Ying Zhuang each initiated 100,000-share positions in the same round of filings.
Estate of Yin-Chieh Cheng remains the largest holder at 4.6 million shares (26.9%), unchanged from October 31. Han-Chieh Shih holds 1.3 million shares (7.4%), also flat. Shun-Chih Chuang trimmed by 175,000 shares in December to 220,001 (1.3%).
Vanguard holds 89,662 shares (0.5%), unchanged as of March 31. Geode Capital holds 61,305 shares (0.4%), flat as of February 27. Renaissance Technologies cut its stake by 19,800 shares in Q4 to 15,500 (0.09%).
The most recent insider trades are stale by 1,053 days. Over a 90-day window ending June 7, 2023, insiders net purchased 88,000 shares worth $113,170. The Chairman, President, and CEO bought 23,000 shares at $1.59 on June 7, 2023, and 20,000 shares at $1.58 on June 6, 2023. Yin-Chieh Cheng bought 45,000 shares at $1.00 on March 10, 2023.
No recent activity is available.
Nocera is scheduled to report earnings after hours on May 5. The last earnings event occurred on April 15.
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