Short Interest in QT Imaging Holdings, Inc. (NASDAQ:QTI) Decreases By 53.0%

QT Imaging Holdings, Inc. (NASDAQ:QTI) was the recipient of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 233,079 shares, a decrease of 53.0% from the May 14th total of 495,661 shares. Currently, 2.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 54,372 shares, the days-to-cover ratio is presently 4.3 days.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on QTI. Zacks Research raised shares of QT Imaging from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. Wall Street Zen raised shares of QT Imaging to a “hold” rating in a research note on Saturday, May 16th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

QT Imaging Price Performance

Shares of QTI traded up $0.05 during mid-day trading on Friday, hitting $4.04. 48,165 shares of the company traded hands, compared to its average volume of 73,948. QT Imaging has a one year low of $0.75 and a one year high of $8.50. The company has a current ratio of 2.49, a quick ratio of 1.69 and a debt-to-equity ratio of 1.38. The business has a 50-day moving average of $5.89 and a 200 day moving average of $5.93. The stock has a market capitalization of $48.64 million, a price-to-earnings ratio of -3.26 and a beta of -0.08.

QT Imaging (NASDAQ:QTI) last released its quarterly earnings results on Wednesday, May 13th. The company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.11). QT Imaging had a negative net margin of 58.93% and a negative return on equity of 4,220.38%. The company had revenue of $6.53 million for the quarter, compared to the consensus estimate of $6.45 million. As a group, equities analysts expect that QT Imaging will post -0.59 earnings per share for the current fiscal year.

QT Imaging Company Profile

QT Imaging Ltd. (NASDAQ: QTI) is a medical technology company specializing in the development and commercialization of advanced ultrasound imaging solutions. The company focuses on real-time volumetric imaging systems designed to enhance diagnostic capabilities in obstetrics, gynecology and other clinical applications. QT Imaging’s flagship Q.VIEW® system and associated software suite enable practitioners to capture, analyze and visualize high-resolution 3D/4D ultrasound images, offering improved workflow efficiency and enhanced patient care.

QT Imaging’s product portfolio includes proprietary transducers, imaging consoles and software platforms that can be integrated with existing ultrasound scanners from leading original equipment manufacturers.