Electromed, Inc. (NYSEAMERICAN:ELMD) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 2,400 shares, an increase of 50.0% from the July 31st total of 1,600 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 7,400 shares, the days-to-cover ratio is currently 0.3 days.

Separately, TheStreet lowered Electromed from a “b-” rating to a “c+” rating in a report on Tuesday, June 25th.

Electromed stock traded down $0.09 during mid-day trading on Wednesday, hitting $6.10. 15,100 shares of the company’s stock traded hands, compared to its average volume of 11,672. Electromed has a one year low of $4.72 and a one year high of $7.33.

Electromed (NYSEAMERICAN:ELMD) last released its quarterly earnings results on Tuesday, August 27th. The medical equipment provider reported $0.13 earnings per share (EPS) for the quarter. The business had revenue of $8.60 million during the quarter.

A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in shares of Electromed by 37.0% in the 2nd quarter. BlackRock Inc. now owns 33,204 shares of the medical equipment provider’s stock worth $181,000 after purchasing an additional 8,965 shares during the last quarter. Gabelli Funds LLC raised its holdings in Electromed by 11.3% during the 1st quarter. Gabelli Funds LLC now owns 106,062 shares of the medical equipment provider’s stock valued at $546,000 after acquiring an additional 10,795 shares during the period. White Pine Capital LLC lifted its position in shares of Electromed by 17.5% during the first quarter. White Pine Capital LLC now owns 90,765 shares of the medical equipment provider’s stock worth $467,000 after acquiring an additional 13,500 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Electromed by 16.0% during the second quarter. Renaissance Technologies LLC now owns 102,340 shares of the medical equipment provider’s stock worth $558,000 after acquiring an additional 14,100 shares in the last quarter. Finally, Susquehanna International Group LLP bought a new position in shares of Electromed in the second quarter worth $127,000.

About Electromed

Electromed, Inc develops, manufactures, markets, and sells airway clearance therapy and related products in the United States and internationally. The company offers SmartVest airway clearance system that consists of an inflatable therapy garment, a programmable air pulse generator, and a patented single-hose that delivers air pulses from the generator to the garment to patients with compromised pulmonary function; and SmartVest SQL System that provides advanced generator programmability and an enhanced pause feature with save, lock, and restore functionality.

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