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

Edap Tms S.A. (NASDAQ:EDAP) was the target of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 31,700 shares, a growth 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 presently 0.3 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in EDAP. Redhawk Wealth Advisors Inc. bought a new position in shares of Edap Tms in the third quarter worth $36,000. BNP Paribas Financial Markets increased its holdings in shares of Edap Tms by 23.7% in 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. Parkman Healthcare Partners LLC bought a new position in shares of Edap Tms in the third quarter worth $395,000. Orion Capital Management LLC increased its holdings in shares of Edap Tms by 10.4% in 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. Finally, Illumine Investment Management LLC bought a new position in shares of Edap Tms in the fourth quarter worth $50,000. Institutional investors own 62.74% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Edap Tms in a report on Saturday, February 8th. They set a “hold” rating on the stock.

Edap Tms Price Performance

Shares of Edap Tms stock traded up $0.23 during trading on Friday, hitting $2.86. The stock had a trading volume of 90,269 shares, compared to its average volume of 38,485. The firm has a market cap of $106.11 million, a price-to-earnings ratio of -4.40 and a beta of 0.36. Edap Tms has a 12 month low of $2.00 and a 12 month high of $8.50. The business’s 50-day moving average is $2.30 and its 200 day moving average is $2.84. The company has a current ratio of 2.18, a quick ratio of 1.46 and a debt-to-equity ratio of 0.08.

About Edap Tms

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.