Short Interest in Edap Tms S.A. (NASDAQ:EDAP) Expands By 26.8%

Edap Tms S.A. (NASDAQ:EDAP - Get Free Report) saw a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 40,200 shares, an increase of 26.8% from the January 31st total of 31,700 shares. Based on an average daily volume of 106,600 shares, the short-interest ratio is presently 0.4 days.

Edap Tms Price Performance

NASDAQ EDAP traded up $0.00 during mid-day trading on Friday, hitting $2.47. The stock had a trading volume of 45,929 shares, compared to its average volume of 38,060. The firm's 50 day moving average is $2.42 and its 200 day moving average is $2.62. 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 stock has a market capitalization of $91.68 million, a price-to-earnings ratio of -3.80 and a beta of 0.37. Edap Tms has a twelve month low of $2.00 and a twelve month high of $8.50.

Institutional Investors Weigh In On Edap Tms

Large investors have recently made changes to their positions in the stock. Illumine Investment Management LLC purchased a new position in Edap Tms during the fourth quarter worth approximately $50,000. BNP Paribas Financial Markets boosted its position in shares of 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 valued at $59,000 after acquiring an additional 4,400 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of Edap Tms by 174.7% in the fourth quarter. Jane Street Group LLC now owns 31,361 shares of the medical equipment provider's stock valued at $69,000 after purchasing an additional 73,361 shares during the period. Millennium Management LLC increased its position in Edap Tms by 218.5% during the fourth quarter. Millennium Management LLC now owns 48,915 shares of the medical equipment provider's stock worth $108,000 after purchasing an additional 33,558 shares during the last quarter. Finally, Orion Capital Management LLC raised its stake 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. 62.74% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Edap Tms in a research note on Tuesday, March 4th. They issued a "hold" rating on the stock.

Edap Tms Company Profile

EDAP TMS SA is a holding company, which, through its subsidiary, engages in the development, production, and marketing of minimally invasive medical devices for urological diseases. It operates through the High Intensity Focused Ultrasound (HIFU) and Urology Devices and Services (UDS) segments. The HIFU segment develops, manufactures, and markets devices for the minimally invasive ablation of certain types of localized tumors using HIFU technology.