Escalon Medical Corp. (OTCMKTS:ESMC) Sees Large Decline in Short Interest

Escalon Medical Corp. (OTCMKTS:ESMC) was the target of a large drop in short interest in October. As of October 31st, there was short interest totalling 100 shares, a drop of 94.4% from the October 15th total of 1,800 shares. Based on an average trading volume of 3,200 shares, the short-interest ratio is currently 0.0 days.

Escalon Medical Stock Performance

ESMC stock remained flat at $0.15 during midday trading on Tuesday. The company has a fifty day moving average of $0.15 and a two-hundred day moving average of $0.16. Escalon Medical has a twelve month low of $0.11 and a twelve month high of $0.30. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.04 and a current ratio of 1.65.

Escalon Medical (OTCMKTS:ESMC) last posted its earnings results on Monday, September 30th. The medical equipment provider reported $0.02 earnings per share (EPS) for the quarter. The firm had revenue of $3.47 million for the quarter. Escalon Medical had a negative return on equity of 12.89% and a negative net margin of 1.25%.

About Escalon Medical

Escalon Medical Corp. engages in the development, manufacturing, marketing, and distribution of medical devices and pharmaceuticals in the area of ophthalmology in the United States and internationally. It offers A-Scan, which provides information about the internal structure of the eye; B-Scan, a diagnostic tool that supplies information to physicians where the media within the eye are cloudy or opaque; UBM, a high frequency/high resolution ultrasound device, which provides detailed information about the anterior segment of the eye; and Pachymeter that measures the thickness of cornea.