Edap Tms S.A. (NASDAQ:EDAP) Short Interest Down 8.3% in November

Edap Tms S.A. (NASDAQ:EDAP) was the target of a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 42,100 shares, a decline of 8.3% from the November 15th total of 45,900 shares. Based on an average daily volume of 103,600 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Commonwealth Equity Services LLC raised its stake in Edap Tms by 5.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 71,260 shares of the medical equipment provider’s stock valued at $388,000 after acquiring an additional 4,000 shares during the period. BNP Paribas Financial Markets increased its stake in shares of Edap Tms by 23.7% in the third 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 in the last quarter. Orion Capital Management LLC increased its stake in shares of Edap Tms by 10.4% in the third 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 in the last quarter. Redhawk Wealth Advisors Inc. bought a new stake in shares of Edap Tms in the third quarter valued at approximately $36,000. Finally, Parkman Healthcare Partners LLC purchased a new stake in shares of Edap Tms during the 3rd quarter valued at approximately $395,000. Institutional investors own 62.74% of the company’s stock.

Analyst Ratings Changes

EDAP has been the subject of several research analyst reports. HC Wainwright reaffirmed a “buy” rating and set a $19.00 target price on shares of Edap Tms in a research report on Thursday, August 29th. StockNews.com upgraded shares of Edap Tms from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th.

Edap Tms Stock Performance

Shares of EDAP stock traded up $0.23 during trading hours on Tuesday, hitting $2.46. 203,068 shares of the company were exchanged, compared to its average volume of 74,291. The company has a current ratio of 2.18, a quick ratio of 1.46 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $91.28 million, a price-to-earnings ratio of -3.71 and a beta of 0.33. The firm has a fifty day simple moving average of $2.55 and a 200 day simple moving average of $3.69. Edap Tms has a 52-week low of $2.14 and a 52-week high of $8.50.

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.