QT Imaging Holdings, Inc. (NASDAQ:QTI) Sees Significant Growth in Short Interest

QT Imaging Holdings, Inc. (NASDAQ:QTI) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 495,661 shares, an increase of 73.4% from the April 30th total of 285,907 shares. Approximately 5.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 100,466 shares, the days-to-cover ratio is presently 4.9 days.

QT Imaging Trading Up 3.3%

QTI stock traded up $0.13 during mid-day trading on Thursday, reaching $4.24. 26,147 shares of the stock traded hands, compared to its average volume of 44,892. The company has a current ratio of 2.49, a quick ratio of 1.69 and a debt-to-equity ratio of 1.38. QT Imaging has a 52-week low of $0.73 and a 52-week high of $8.50. The company has a market cap of $51.10 million, a P/E ratio of -3.42 and a beta of -0.08. The stock’s fifty day moving average is $6.22 and its 200-day moving average is $6.04.

QT Imaging (NASDAQ:QTI) last posted its quarterly earnings data on Wednesday, May 13th. The company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.11). QT Imaging had a negative net margin of 58.93% and a negative return on equity of 4,220.38%. The firm had revenue of $6.53 million for the quarter, compared to analysts’ expectations of $6.45 million. As a group, sell-side analysts expect that QT Imaging will post -0.59 earnings per share for the current year.

Wall Street Analysts Forecast Growth

QTI has been the topic of several recent research reports. Wall Street Zen upgraded shares of QT Imaging to a “hold” rating in a research report on Saturday, May 16th. Zacks Research upgraded shares of QT Imaging from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, QT Imaging has an average rating of “Hold”.

About QT Imaging

QT Imaging Ltd. (NASDAQ: QTI) is a medical technology company specializing in the development and commercialization of advanced ultrasound imaging solutions. The company focuses on real-time volumetric imaging systems designed to enhance diagnostic capabilities in obstetrics, gynecology and other clinical applications. QT Imaging’s flagship Q.VIEW® system and associated software suite enable practitioners to capture, analyze and visualize high-resolution 3D/4D ultrasound images, offering improved workflow efficiency and enhanced patient care.

QT Imaging’s product portfolio includes proprietary transducers, imaging consoles and software platforms that can be integrated with existing ultrasound scanners from leading original equipment manufacturers.