Edap Tms S.A. (NASDAQ:EDAP) Short Interest Update

Edap Tms S.A. (NASDAQ:EDAP) was the recipient of a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 40,200 shares, an increase of 26.8% from the January 31st total of 31,700 shares. Based on an average daily volume of 106,600 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On Edap Tms

Several institutional investors have recently made changes to their positions in the company. Millennium Management LLC grew its holdings in Edap Tms by 218.5% during the 4th quarter. Millennium Management LLC now owns 48,915 shares of the medical equipment provider’s stock worth $108,000 after acquiring an additional 33,558 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in Edap Tms by 111.5% during the fourth quarter. BNP Paribas Financial Markets now owns 48,650 shares of the medical equipment provider’s stock worth $108,000 after buying an additional 25,650 shares during the period. Jane Street Group LLC boosted its position in Edap Tms by 174.7% during the 4th quarter. Jane Street Group LLC now owns 31,361 shares of the medical equipment provider’s stock valued at $69,000 after acquiring an additional 73,361 shares in the last quarter. Schonfeld Strategic Advisors LLC increased its holdings in shares of Edap Tms by 48.5% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 160,800 shares of the medical equipment provider’s stock valued at $355,000 after acquiring an additional 52,500 shares during the period. Finally, Rock Springs Capital Management LP increased its holdings in shares of Edap Tms by 1.5% in the 4th quarter. Rock Springs Capital Management LP now owns 1,591,800 shares of the medical equipment provider’s stock valued at $3,518,000 after acquiring an additional 23,800 shares during the period. Hedge funds and other institutional investors own 62.74% of the company’s stock.

Edap Tms Trading Up 2.0 %

NASDAQ:EDAP traded up $0.05 during midday trading on Thursday, hitting $2.51. The stock had a trading volume of 48,984 shares, compared to its average volume of 37,879. The stock has a 50-day moving average of $2.40 and a 200 day moving average of $2.65. The company has a market capitalization of $93.09 million, a price-to-earnings ratio of -3.86 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 company has a quick ratio of 1.46, a current ratio of 2.18 and a debt-to-equity ratio of 0.08.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Edap Tms in a report on Tuesday. They set a “hold” rating for the company.

Edap Tms Company Profile

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.