Short Interest in Encision Inc. (OTCMKTS:ECIA) Rises By 5,500.0%

Encision Inc. (OTCMKTS:ECIA) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totalling 5,600 shares, a growth of 5,500.0% from the July 15th total of 100 shares. Based on an average daily trading volume, of 14,900 shares, the days-to-cover ratio is presently 0.4 days.

Encision Price Performance

ECIA opened at $0.29 on Wednesday. The firm has a market cap of $3.44 million, a PE ratio of -7.25 and a beta of 0.58. The stock has a 50-day moving average price of $0.39 and a 200-day moving average price of $0.47. Encision has a 1 year low of $0.12 and a 1 year high of $0.75. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.99 and a quick ratio of 0.84.

Encision (OTCMKTS:ECIA) last issued its earnings results on Monday, July 15th. The medical device company reported ($0.03) earnings per share (EPS) for the quarter. The firm had revenue of $1.53 million during the quarter. Encision had a negative return on equity of 34.84% and a negative net margin of 11.59%.

Encision Company Profile

Encision Inc, a medical device company, designs, develops, manufactures, and markets patented surgical instruments in the United States. The company provides active electrode monitoring (AEM) surgical instruments and monitors that enhance patient safety and patient outcomes in laparoscopic surgical procedures.