Edap Tms S.A. (NASDAQ:EDAP) Short Interest Update

Edap Tms S.A. (NASDAQ:EDAP) was the target of a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 40,200 shares, an increase of 26.8% from the January 31st total of 31,700 shares. Based on an average trading volume of 106,600 shares, the days-to-cover ratio is presently 0.4 days.

Edap Tms Price Performance

NASDAQ:EDAP opened at $2.51 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.46 and a current ratio of 2.18. Edap Tms has a 52 week low of $2.00 and a 52 week high of $8.50. The firm has a market cap of $93.09 million, a price-to-earnings ratio of -3.86 and a beta of 0.36. The firm’s 50-day simple moving average is $2.41 and its 200 day simple moving average is $2.65.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Edap Tms in a research report on Tuesday. They set a “hold” rating on the stock.

Hedge Funds Weigh In On Edap Tms

Several hedge funds have recently bought and sold shares of EDAP. Parkman Healthcare Partners LLC bought a new position in Edap Tms in the 3rd quarter valued at about $395,000. Jane Street Group LLC increased its holdings in Edap Tms by 174.7% in the 4th quarter. Jane Street Group LLC now owns 31,361 shares of the medical equipment provider’s stock valued at $69,000 after buying an additional 73,361 shares during the period. Schonfeld Strategic Advisors LLC increased its holdings in Edap Tms by 48.5% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 160,800 shares of the medical equipment provider’s stock valued at $355,000 after buying an additional 52,500 shares during the period. Millennium Management LLC increased its holdings in Edap Tms by 218.5% in the 4th quarter. Millennium Management LLC now owns 48,915 shares of the medical equipment provider’s stock valued at $108,000 after buying an additional 33,558 shares during the period. Finally, BNP Paribas Financial Markets increased its holdings in Edap Tms by 111.5% in the 4th quarter. BNP Paribas Financial Markets now owns 48,650 shares of the medical equipment provider’s stock valued at $108,000 after buying an additional 25,650 shares during the period. 62.74% of the stock is owned by institutional investors.

Edap Tms Company Profile

EDAP TMS SA is a holding company, which, through its subsidiary, engages in the development, production, and marketing of minimally invasive medical devices for urological diseases. It operates through the High Intensity Focused Ultrasound (HIFU) and Urology Devices and Services (UDS) segments. The HIFU segment develops, manufactures, and markets devices for the minimally invasive ablation of certain types of localized tumors using HIFU technology.