Edap Tms S.A. (NASDAQ:EDAP) Short Interest Update

Edap Tms S.A. (NASDAQ:EDAP - Get Free Report) saw a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 22,100 shares, a drop of 49.1% from the December 15th total of 43,400 shares. Based on an average daily volume of 160,500 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Edap Tms from a "sell" rating to a "hold" rating in a research note on Thursday, December 5th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of EDAP. Commonwealth Equity Services LLC boosted its stake in Edap Tms by 5.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 71,260 shares of the medical equipment provider's stock worth $388,000 after acquiring an additional 4,000 shares during the last quarter. Redhawk Wealth Advisors Inc. bought a new position in Edap Tms during the 3rd quarter worth approximately $36,000. BNP Paribas Financial Markets boosted its stake in Edap Tms by 23.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 23,000 shares of the medical equipment provider's stock worth $59,000 after acquiring an additional 4,400 shares during the last quarter. Parkman Healthcare Partners LLC bought a new position in Edap Tms during the 3rd quarter worth approximately $395,000. Finally, Orion Capital Management LLC boosted its stake in Edap Tms by 10.4% during the 3rd quarter. Orion Capital Management LLC now owns 69,800 shares of the medical equipment provider's stock worth $178,000 after acquiring an additional 6,600 shares during the last quarter. Institutional investors own 62.74% of the company's stock.

Edap Tms Trading Down 2.4 %

Shares of NASDAQ EDAP traded down $0.05 during mid-day trading on Tuesday, hitting $2.02. The company's stock had a trading volume of 44,442 shares, compared to its average volume of 53,993. The stock has a market cap of $74.95 million, a price-to-earnings ratio of -3.11 and a beta of 0.36. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.18 and a quick ratio of 1.46. Edap Tms has a one year low of $2.00 and a one year high of $8.50. The company's fifty day simple moving average is $2.36 and its 200-day simple moving average is $3.26.

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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