Edap Tms S.A. (NASDAQ:EDAP) Sees Large Growth in Short Interest

Edap Tms S.A. (NASDAQ:EDAP - Get Free Report) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 70,600 shares, an increase of 6.5% from the September 15th total of 66,300 shares. Based on an average trading volume of 64,000 shares, the short-interest ratio is presently 1.1 days.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. HC Wainwright restated a "buy" rating and set a $19.00 target price on shares of Edap Tms in a research note on Thursday, August 29th. StockNews.com upgraded shares of Edap Tms from a "sell" rating to a "hold" rating in a research note on Wednesday, September 25th.

Institutional Trading of Edap Tms

Several institutional investors and hedge funds have recently made changes to their positions in EDAP. Redhawk Wealth Advisors Inc. bought a new position in Edap Tms in the third quarter worth about $36,000. Commonwealth Equity Services LLC raised its holdings in Edap Tms by 5.9% in 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 in the last quarter. Virtu Financial LLC bought a new position in Edap Tms in the first quarter worth about $82,000. Roubaix Capital LLC bought a new position in Edap Tms in the first quarter worth about $169,000. Finally, Miracle Mile Advisors LLC bought a new position in Edap Tms in the first quarter worth about $136,000. 62.74% of the stock is currently owned by institutional investors.

Edap Tms Trading Down 0.7 %

NASDAQ EDAP traded down $0.02 on Wednesday, hitting $2.73. 43,041 shares of the stock were exchanged, compared to its average volume of 45,580. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.80 and a current ratio of 2.45. The stock has a fifty day moving average price of $3.33 and a two-hundred day moving average price of $5.10. The firm has a market capitalization of $101.29 million, a P/E ratio of -5.06 and a beta of 0.40. Edap Tms has a 52-week low of $2.45 and a 52-week high of $8.50.

Edap Tms (NASDAQ:EDAP - Get Free Report) last released its quarterly earnings data on Wednesday, August 28th. The medical equipment provider reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.04). The firm had revenue of $16.97 million during the quarter, compared to the consensus estimate of $17.16 million. Edap Tms had a negative net margin of 31.68% and a negative return on equity of 36.41%. Research analysts forecast that Edap Tms will post -0.59 EPS for the current fiscal year.

Edap Tms Company Profile

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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