STRATA Skin Sciences, Inc. (NASDAQ:SSKN) Short Interest Down 45.5% in April

STRATA Skin Sciences, Inc. (NASDAQ:SSKN) was the target of a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 1,200 shares, a drop of 45.5% from the March 31st total of 2,200 shares. Based on an average trading volume of 3,100 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the company’s shares are short sold.

STRATA Skin Sciences Price Performance

Shares of SSKN stock opened at $2.61 on Tuesday. STRATA Skin Sciences has a 1-year low of $2.51 and a 1-year high of $5.10. The firm has a fifty day moving average of $2.65 and a two-hundred day moving average of $2.86. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.13 and a quick ratio of 0.94. The firm has a market cap of $10.90 million, a P/E ratio of -0.98 and a beta of 1.08.

STRATA Skin Sciences (NASDAQ:SSKN) last posted its earnings results on Thursday, March 27th. The medical device company reported ($1.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.40) by ($0.73). The firm had revenue of $33.56 million for the quarter, compared to analyst estimates of $9.03 million. STRATA Skin Sciences had a negative net margin of 28.72% and a negative return on equity of 69.33%. As a group, research analysts anticipate that STRATA Skin Sciences will post -1.05 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Maxim Group started coverage on shares of STRATA Skin Sciences in a research note on Thursday, February 27th. They issued a “buy” rating and a $6.00 target price on the stock.

About STRATA Skin Sciences

STRATA Skin Sciences, Inc, a medical technology company, develops, commercializes, and markets products for the treatment of dermatologic conditions in the United States, Europe, the Middle East, Asia, Australia, South Africa, and Central and South America. The company operates in two segments, Dermatology Recurring Procedures and Dermatology Procedures Equipment.