Edap Tms S.A. (NASDAQ:EDAP) Short Interest Down 7.3% in March

Edap Tms S.A. (NASDAQ:EDAP) was the target of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 104,100 shares, a decrease of 7.3% from the March 15th total of 112,300 shares. Based on an average daily volume of 41,200 shares, the days-to-cover ratio is currently 2.5 days.

Hedge Funds Weigh In On Edap Tms

Several hedge funds have recently added to or reduced their stakes in EDAP. Envestnet Asset Management Inc. increased its stake in Edap Tms by 1,285.2% in the first quarter. Envestnet Asset Management Inc. now owns 231,168 shares of the medical equipment provider’s stock valued at $37,000 after purchasing an additional 214,480 shares during the last quarter. State of Tennessee Treasury Department purchased a new position in Edap Tms in the fourth quarter valued at approximately $38,000. Milestone Investment Advisors LLC purchased a new position in Edap Tms in the third quarter valued at approximately $39,000. New York State Common Retirement Fund increased its stake in Edap Tms by 391.4% in the first quarter. New York State Common Retirement Fund now owns 4,629 shares of the medical equipment provider’s stock valued at $51,000 after purchasing an additional 3,687 shares during the last quarter. Finally, BNP Paribas Arbitrage SNC purchased a new position in Edap Tms in the third quarter valued at approximately $54,000. 62.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on EDAP. StockNews.com raised shares of Edap Tms from a “sell” rating to a “hold” rating in a research report on Thursday, April 11th. HC Wainwright upped their target price on shares of Edap Tms from $16.00 to $19.00 and gave the stock a “buy” rating in a research note on Monday, April 1st.

Edap Tms Stock Up 1.4 %

Edap Tms stock traded up $0.10 during mid-day trading on Wednesday, hitting $7.40. The company had a trading volume of 4,869 shares, compared to its average volume of 39,424. Edap Tms has a 1 year low of $3.60 and a 1 year high of $12.23. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.30 and a current ratio of 2.84. The business has a fifty day moving average of $7.05 and a 200 day moving average of $6.25.

About Edap Tms

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.