Edap Tms S.A. (NASDAQ:EDAP) Short Interest Down 61.4% in June

Edap Tms S.A. (NASDAQ:EDAPGet Rating) was the recipient of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totalling 18,700 shares, a decrease of 61.4% from the May 31st total of 48,500 shares. Based on an average daily trading volume, of 57,800 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the company’s stock are short sold.

Hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. purchased a new position in shares of Edap Tms in the first quarter valued at $60,000. Envestnet Asset Management Inc. purchased a new position in shares of Edap Tms in the fourth quarter valued at $94,000. HighTower Advisors LLC purchased a new position in shares of Edap Tms in the first quarter valued at $185,000. Camarda Financial Advisors LLC purchased a new position in shares of Edap Tms in the first quarter valued at $209,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in Edap Tms during the 1st quarter worth about $723,000. Institutional investors and hedge funds own 28.71% of the company’s stock.

Several brokerages have commented on EDAP. Piper Sandler dropped their price target on shares of Edap Tms from $13.00 to $11.00 in a research note on Wednesday, May 18th. StockNews.com began coverage on shares of Edap Tms in a research note on Thursday, March 31st. They issued a “hold” rating on the stock.

Shares of EDAP traded down $0.20 during mid-day trading on Friday, reaching $6.60. 10,204 shares of the company’s stock were exchanged, compared to its average volume of 68,795. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.38 and a quick ratio of 3.93. The stock has a market capitalization of $220.88 million, a PE ratio of -659.34 and a beta of 1.34. The business’s fifty day simple moving average is $6.82 and its 200-day simple moving average is $6.87. Edap Tms has a 52-week low of $5.00 and a 52-week high of $7.88.

Edap Tms (NASDAQ:EDAPGet Rating) last issued its quarterly earnings results on Tuesday, May 17th. The medical equipment provider reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.02. Edap Tms had a return on equity of 0.44% and a net margin of 0.47%. The firm had revenue of $14.53 million during the quarter, compared to the consensus estimate of $12.96 million. During the same period last year, the company earned $0.03 earnings per share. Equities research analysts predict that Edap Tms will post -0.08 earnings per share for the current year.

Edap Tms Company Profile (Get Rating)

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. It operates in three segments: High Intensity Focused Ultrasound (HIFU), Extracorporeal ShockWave Lithotripsy (ESWL), and Distribution Services (DIST).

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