Heart Test Laboratories, Inc. (NASDAQ:HSCS) Short Interest Up 343.2% in April

Heart Test Laboratories, Inc. (NASDAQ:HSCS) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 599,600 shares, an increase of 343.2% from the March 31st total of 135,300 shares. Based on an average daily trading volume, of 1,920,000 shares, the days-to-cover ratio is presently 0.3 days. Approximately 1.1% of the shares of the company are sold short.

Institutional Investors Weigh In On Heart Test Laboratories

An institutional investor recently raised its position in Heart Test Laboratories stock. Astoria Strategic Wealth Inc. boosted its stake in Heart Test Laboratories, Inc. (NASDAQ:HSCS) by 246.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 81,995 shares of the company’s stock after purchasing an additional 58,303 shares during the period. Astoria Strategic Wealth Inc. owned about 0.75% of Heart Test Laboratories worth $35,000 at the end of the most recent reporting period. Institutional investors own 17.24% of the company’s stock.

Heart Test Laboratories Price Performance

NASDAQ HSCS remained flat at $0.10 during trading on Friday. The company’s stock had a trading volume of 1,665,925 shares, compared to its average volume of 2,454,683. The firm’s fifty day simple moving average is $0.12 and its 200 day simple moving average is $0.17. Heart Test Laboratories has a 1 year low of $0.09 and a 1 year high of $1.32.

Heart Test Laboratories (NASDAQ:HSCS) last posted its earnings results on Thursday, March 14th. The company reported ($0.03) EPS for the quarter. The firm had revenue of $0.02 million during the quarter.

Heart Test Laboratories Company Profile

Heart Test Laboratories, Inc, a medical technology company, provides cardiovascular diagnostic devices. The company offers MyoVista wavECG, a resting 12-lead electrocardiograph (ECG) to provide diagnostic information related to cardiac dysfunction, as well as conventional ECG information. It serves clinics, doctor's offices, urgent care centers, and hospitals.