Escalon Medical Corp. (OTCMKTS:ESMC) Short Interest Update

Escalon Medical Corp. (OTCMKTS:ESMC) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totaling 171,227 shares, an increase of 1,141,413.3% from the April 30th total of 15 shares. Currently, 2.4% of the shares of the stock are sold short. Based on an average daily volume of 83,991 shares, the days-to-cover ratio is presently 2.0 days.

Escalon Medical Price Performance

Escalon Medical stock traded down $0.02 during midday trading on Wednesday, reaching $0.19. 1,173 shares of the company were exchanged, compared to its average volume of 25,302. The company has a market capitalization of $1.41 million, a price-to-earnings ratio of 1.73 and a beta of 0.11. The firm’s 50-day simple moving average is $0.19 and its 200-day simple moving average is $0.18. Escalon Medical has a 1 year low of $0.10 and a 1 year high of $0.46. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.94 and a current ratio of 2.59.

Escalon Medical (OTCMKTS:ESMC) last posted its quarterly earnings data on Friday, May 15th. The medical equipment provider reported $0.16 EPS for the quarter. Escalon Medical had a negative return on equity of 21.42% and a net margin of 16.17%.The firm had revenue of $2.61 million during the quarter.

Escalon Medical Company Profile

Escalon Medical Corp. engages in the development, manufacturing, marketing, and distribution of medical devices and pharmaceuticals in the area of ophthalmology in the United States and internationally. It offers A-Scan, which provides information about the internal structure of the eye; B-Scan, a diagnostic tool that supplies information to physicians where the media within the eye are cloudy or opaque; UBM, a high frequency/high resolution ultrasound device, which provides detailed information about the anterior segment of the eye; and Pachymeter that measures the thickness of cornea.