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

Edap Tms S.A. (NASDAQ:EDAP - Get Free Report) was the recipient of a significant increase in short interest in January. As of January 31st, there was short interest totalling 31,700 shares, an increase of 74.2% from the January 15th total of 18,200 shares. Based on an average trading volume of 108,700 shares, the days-to-cover ratio is currently 0.3 days.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Edap Tms in a research note on Sunday. They set a "hold" rating for the company.

Hedge Funds Weigh In On Edap Tms

Hedge funds and other institutional investors have recently modified their holdings of the business. Redhawk Wealth Advisors Inc. bought a new position in shares of Edap Tms during the 3rd quarter valued at approximately $36,000. Illumine Investment Management LLC purchased a new stake in Edap Tms in the 4th quarter worth approximately $50,000. BNP Paribas Financial Markets boosted its stake 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 valued at $59,000 after buying an additional 4,400 shares during the period. Jane Street Group LLC boosted its position in shares of Edap Tms by 174.7% during the 4th quarter. Jane Street Group LLC now owns 31,361 shares of the medical equipment provider's stock valued at $69,000 after acquiring an additional 73,361 shares during the last quarter. Finally, Millennium Management LLC lifted 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 valued at $108,000 after purchasing an additional 33,558 shares during the last quarter. Hedge funds and other institutional investors own 62.74% of the company's stock.

Edap Tms Stock Down 0.4 %

Shares of EDAP stock traded down $0.01 on Wednesday, hitting $2.77. The stock had a trading volume of 8,042 shares, compared to its average volume of 42,995. Edap Tms has a 12-month low of $2.00 and a 12-month high of $8.50. 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 of $2.32 and a 200 day moving average of $2.79. The stock has a market cap of $102.78 million, a price-to-earnings ratio of -4.26 and a beta of 0.36.

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.