Edap Tms S.A. (NASDAQ:EDAP – Get Free Report) was the target of a significant decline in short interest during the month of December. As of December 31st, there was short interest totalling 22,100 shares, a decline of 49.1% from the December 15th total of 43,400 shares. Based on an average daily trading volume, of 160,500 shares, the short-interest ratio is currently 0.1 days.
Hedge Funds Weigh In On Edap Tms
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EDAP. Redhawk Wealth Advisors Inc. bought a new position in Edap Tms during the third quarter worth $36,000. BNP Paribas Financial Markets boosted its position in Edap Tms by 23.7% during the third quarter. BNP Paribas Financial Markets now owns 23,000 shares of the medical equipment provider’s stock worth $59,000 after purchasing an additional 4,400 shares during the period. Orion Capital Management LLC boosted its position in Edap Tms by 10.4% during the third quarter. Orion Capital Management LLC now owns 69,800 shares of the medical equipment provider’s stock worth $178,000 after purchasing an additional 6,600 shares during the period. Commonwealth Equity Services LLC boosted its position in Edap Tms by 5.9% during the second quarter. Commonwealth Equity Services LLC now owns 71,260 shares of the medical equipment provider’s stock worth $388,000 after purchasing an additional 4,000 shares during the period. Finally, Parkman Healthcare Partners LLC bought a new stake in shares of Edap Tms in the third quarter valued at about $395,000. 62.74% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded shares of Edap Tms from a “sell” rating to a “hold” rating in a report on Thursday, December 5th.
Edap Tms Stock Performance
EDAP stock traded down $0.05 during midday trading on Tuesday, reaching $2.02. 44,442 shares of the company were exchanged, compared to its average volume of 53,993. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.18 and a quick ratio of 1.46. The business has a 50-day moving average price of $2.36 and a two-hundred day moving average price of $3.26. Edap Tms has a one year low of $2.00 and a one year high of $8.50. The firm has a market capitalization of $74.95 million, a price-to-earnings ratio of -3.11 and a beta of 0.36.
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.
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