Dynatronics Co. (NASDAQ:DYNT) Sees Large Increase in Short Interest

Dynatronics Co. (NASDAQ:DYNT) was the recipient of a large increase in short interest in June. As of June 30th, there was short interest totalling 41,800 shares, an increase of 162.9% from the June 15th total of 15,900 shares. Approximately 1.2% of the company’s shares are short sold. Based on an average daily trading volume, of 729,600 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Dynatronics in a research note on Friday, July 5th. They issued a “hold” rating on the stock.

Dynatronics Trading Down 17.9 %

Shares of DYNT traded down $0.04 during trading hours on Thursday, reaching $0.16. The stock had a trading volume of 249,525 shares, compared to its average volume of 369,876. The company has a quick ratio of 0.68, a current ratio of 1.40 and a debt-to-equity ratio of 0.22. Dynatronics has a 52 week low of $0.15 and a 52 week high of $0.91. The firm has a 50-day moving average of $0.37 and a 200 day moving average of $0.46. The company has a market cap of $850,131.00, a P/E ratio of -0.13 and a beta of 0.24.

Dynatronics (NASDAQ:DYNT) last released its quarterly earnings data on Thursday, May 9th. The medical equipment provider reported ($0.17) EPS for the quarter. The firm had revenue of $7.66 million during the quarter. Dynatronics had a negative net margin of 13.07% and a negative return on equity of 55.14%.

Dynatronics Company Profile

Dynatronics Corporation, a medical device company, designs, manufactures, and sells physical therapy, rehabilitation, orthopedics, pain management, and athletic training products in the United States. The company offers orthopedic soft bracing products include cervical collars, shoulder immobilizers, arm slings, wrist and elbow supports, abdominal and lumbosacral supports, maternity supports, knee immobilizers and supports, ankle walkers and supports, plantar fasciitis splints, and cold therapy products.