Electromed, Inc. (NYSEAMERICAN:ELMD) Short Interest Update
Electromed, Inc. (NYSEAMERICAN:ELMD) saw a large growth in short interest in August. As of August 31st, there was short interest totalling 2,400 shares, a growth of 50.0% from the July 31st total of 1,600 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 7,400 shares, the short-interest ratio is currently 0.3 days.
Separately, TheStreet lowered shares of Electromed from a “b-” rating to a “c+” rating in a research report on Tuesday, June 25th.
Shares of ELMD traded down $0.09 during trading hours on Wednesday, hitting $6.10. The company had a trading volume of 15,100 shares, compared to its average volume of 11,672. Electromed has a 52-week low of $4.72 and a 52-week high of $7.33.
A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. boosted its stake in shares of Electromed by 37.0% during the second quarter. BlackRock Inc. now owns 33,204 shares of the medical equipment provider’s stock valued at $181,000 after purchasing an additional 8,965 shares during the period. Gabelli Funds LLC grew its holdings in shares of Electromed by 11.3% in the first quarter. Gabelli Funds LLC now owns 106,062 shares of the medical equipment provider’s stock worth $546,000 after purchasing an additional 10,795 shares during the last quarter. White Pine Capital LLC grew its holdings in shares of Electromed by 17.5% in the first quarter. White Pine Capital LLC now owns 90,765 shares of the medical equipment provider’s stock worth $467,000 after purchasing an additional 13,500 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Electromed by 16.0% in the second quarter. Renaissance Technologies LLC now owns 102,340 shares of the medical equipment provider’s stock worth $558,000 after buying an additional 14,100 shares during the period. Finally, Susquehanna International Group LLP purchased a new position in shares of Electromed in the second quarter worth $127,000.
Electromed, Inc develops, manufactures, markets, and sells airway clearance therapy and related products in the United States and internationally. The company offers SmartVest airway clearance system that consists of an inflatable therapy garment, a programmable air pulse generator, and a patented single-hose that delivers air pulses from the generator to the garment to patients with compromised pulmonary function; and SmartVest SQL System that provides advanced generator programmability and an enhanced pause feature with save, lock, and restore functionality.
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