Encision Inc. (OTCMKTS:ECIA – Get Free Report) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 3,430 shares, a drop of 81.0% from the August 15th total of 18,020 shares. Based on an average daily volume of 8,547 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the shares of the stock are sold short.
Encision Stock Performance
Shares of ECIA remained flat at $0.04 during midday trading on Friday. Encision has a 12-month low of $0.00 and a 12-month high of $0.39. The stock has a market capitalization of $685,328.00, a P/E ratio of -1.35 and a beta of -7.58. The company has a current ratio of 1.74, a quick ratio of 0.69 and a debt-to-equity ratio of 0.10. The company’s 50-day moving average is $0.06 and its 200 day moving average is $0.09.
About Encision
Encision, Inc is a U.S.-based medical device company specializing in the development and commercialization of safety solutions for electrosurgery. Founded in the early 1990s, the company’s core mission is to reduce the risk of unintended thermal injuries during surgical procedures by controlling stray electrical current. Encision’s operations focus on research, design, and manufacturing of proprietary instruments and monitoring systems that integrate seamlessly with existing surgical equipment.
At the heart of Encision’s product offering is its Active Electrode Monitoring (AEM) platform.
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