Short Interest in Edap Tms S.A. (NASDAQ:EDAP) Rises By 74.2%

Edap Tms S.A. (NASDAQ:EDAP) was the target of a large increase in short interest in January. As of January 31st, there was short interest totalling 31,700 shares, an increase of 74.2% from the January 15th total of 18,200 shares. Based on an average trading volume of 108,700 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On Edap Tms

A number of large investors have recently bought and sold shares of EDAP. Redhawk Wealth Advisors Inc. bought a new stake in Edap Tms in the third quarter worth $36,000. BNP Paribas Financial Markets lifted its position in Edap Tms by 23.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 23,000 shares of the medical equipment provider’s stock worth $59,000 after acquiring an additional 4,400 shares during the last quarter. Parkman Healthcare Partners LLC acquired a new position in Edap Tms during the 3rd quarter worth $395,000. Orion Capital Management LLC lifted its position in Edap Tms by 10.4% during the 3rd quarter. Orion Capital Management LLC now owns 69,800 shares of the medical equipment provider’s stock worth $178,000 after acquiring an additional 6,600 shares during the last quarter. Finally, Illumine Investment Management LLC acquired a new position in Edap Tms during the 4th quarter worth $50,000. 62.74% of the stock is currently owned by institutional investors.

Edap Tms Stock Up 8.7 %

NASDAQ:EDAP traded up $0.23 during trading hours on Friday, reaching $2.86. The company’s stock had a trading volume of 90,269 shares, compared to its average volume of 38,485. The company has a market cap of $106.11 million, a price-to-earnings ratio of -4.40 and a beta of 0.36. Edap Tms has a one year low of $2.00 and a one year high of $8.50. The business’s 50-day moving average is $2.30 and its 200-day moving average is $2.84. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.18 and a quick ratio of 1.46.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Edap Tms in a report on Saturday, February 8th. They issued a “hold” rating for the company.

About Edap Tms

EDAP TMS SA is a holding company, which, through its subsidiary, engages in the development, production, and marketing of minimally invasive medical devices for urological diseases. It operates through the High Intensity Focused Ultrasound (HIFU) and Urology Devices and Services (UDS) segments. The HIFU segment develops, manufactures, and markets devices for the minimally invasive ablation of certain types of localized tumors using HIFU technology.