Short Interest in Edap Tms S.A. (NASDAQ:EDAP) Declines By 7.3%

Edap Tms S.A. (NASDAQ:EDAP) was the recipient of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 104,100 shares, a decrease of 7.3% from the March 15th total of 112,300 shares. Based on an average trading volume of 41,200 shares, the short-interest ratio is currently 2.5 days.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. HC Wainwright upped their target price on Edap Tms from $16.00 to $19.00 and gave the company a “buy” rating in a research report on Monday, April 1st. StockNews.com raised Edap Tms from a “sell” rating to a “hold” rating in a research report on Thursday, April 11th.

Edap Tms Stock Performance

EDAP traded down $0.12 during midday trading on Tuesday, hitting $7.31. 23,987 shares of the company were exchanged, compared to its average volume of 39,959. The company’s 50 day simple moving average is $7.05 and its 200 day simple moving average is $6.25. The firm has a market capitalization of $271.20 million, a price-to-earnings ratio of -11.59 and a beta of 0.74. The company has a current ratio of 2.84, a quick ratio of 2.30 and a debt-to-equity ratio of 0.04. Edap Tms has a 1-year low of $3.60 and a 1-year high of $12.23.

Institutional Investors Weigh In On Edap Tms

A number of institutional investors have recently modified their holdings of the business. Rock Springs Capital Management LP grew its position in shares of Edap Tms by 14.6% during the 3rd quarter. Rock Springs Capital Management LP now owns 1,360,000 shares of the medical equipment provider’s stock valued at $9,547,000 after acquiring an additional 173,700 shares during the period. Milestone Investment Advisors LLC acquired a new stake in shares of Edap Tms during the 3rd quarter valued at about $39,000. Summit Trail Advisors LLC acquired a new stake in shares of Edap Tms during the 3rd quarter valued at about $77,000. Royal Bank of Canada grew its position in shares of Edap Tms by 22.5% during the 2nd quarter. Royal Bank of Canada now owns 18,375 shares of the medical equipment provider’s stock valued at $169,000 after acquiring an additional 3,375 shares during the period. Finally, BlackRock Inc. grew its position in shares of Edap Tms by 113.9% during the 2nd quarter. BlackRock Inc. now owns 28,936 shares of the medical equipment provider’s stock valued at $267,000 after acquiring an additional 15,409 shares during the period. 62.74% of the stock is currently owned by institutional investors and hedge funds.

Edap Tms Company Profile

EDAP TMS SA, together with its subsidiaries, develops, produces, markets, distributes, and maintains a portfolio of minimally invasive medical devices for the treatment of urological diseases in Asia, France, the United States, and internationally. The company operates through High Intensity Focused Ultrasound (HIFU), Extracorporeal ShockWave Lithotripsy (ESWL), and Distribution Services (DIST) segments.