Edap Tms S.A. (NASDAQ:EDAP) Short Interest Down 31.7% in November

Edap Tms S.A. (NASDAQ:EDAP) was the recipient of a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 45,900 shares, a drop of 31.7% from the October 31st total of 67,200 shares. Based on an average daily trading volume, of 115,900 shares, the days-to-cover ratio is currently 0.4 days.

Edap Tms Price Performance

Shares of Edap Tms stock traded up $0.03 during trading on Friday, hitting $2.44. 61,235 shares of the company were exchanged, compared to its average volume of 60,401. The company has a quick ratio of 1.46, a current ratio of 2.18 and a debt-to-equity ratio of 0.08. Edap Tms has a fifty-two week low of $2.27 and a fifty-two week high of $8.50. The stock has a market capitalization of $90.52 million, a price-to-earnings ratio of -3.75 and a beta of 0.38. The firm has a 50 day moving average price of $2.67 and a 200 day moving average price of $4.06.

Edap Tms (NASDAQ:EDAP) last issued its quarterly earnings results on Wednesday, August 28th. The medical equipment provider reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.04). The business had revenue of $16.97 million during the quarter, compared to analyst estimates of $17.16 million. Edap Tms had a negative net margin of 34.92% and a negative return on equity of 44.21%. On average, equities analysts expect that Edap Tms will post -0.6 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on EDAP. StockNews.com lowered Edap Tms from a “hold” rating to a “sell” rating in a report on Tuesday. HC Wainwright reaffirmed a “buy” rating and issued a $19.00 price objective on shares of Edap Tms in a report on Thursday, August 29th.

Institutional Trading of Edap Tms

Several institutional investors have recently made changes to their positions in the stock. Parkman Healthcare Partners LLC purchased a new stake in shares of Edap Tms during the 3rd quarter valued at $395,000. Commonwealth Equity Services LLC boosted its position in Edap Tms by 5.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 71,260 shares of the medical equipment provider’s stock worth $388,000 after purchasing an additional 4,000 shares during the period. Orion Capital Management LLC boosted its position in Edap Tms by 10.4% during the 3rd quarter. Orion Capital Management LLC now owns 69,800 shares of the medical equipment provider’s stock worth $178,000 after purchasing an additional 6,600 shares during the period. BNP Paribas Financial Markets boosted its position in Edap Tms by 23.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 23,000 shares of the medical equipment provider’s stock worth $59,000 after purchasing an additional 4,400 shares during the period. Finally, Redhawk Wealth Advisors Inc. purchased a new stake in Edap Tms during the 3rd quarter worth $36,000. 62.74% of the stock is owned by hedge funds and other institutional investors.

Edap Tms Company Profile

EDAP TMS SA, together with its subsidiaries, develops, produces, markets, distributes, and maintains a portfolio of minimally invasive medical devices for the treatment of urological diseases in Asia, France, the United States, and internationally. The company operates through High Intensity Focused Ultrasound (HIFU), Extracorporeal ShockWave Lithotripsy (ESWL), and Distribution Services (DIST) segments.