Short Interest in Edap Tms S.A. (NASDAQ:EDAP) Expands By 26.8%

Edap Tms S.A. (NASDAQ:EDAP) saw a large growth in short interest in February. As of February 15th, there was short interest totalling 40,200 shares, a growth 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.

Edap Tms Stock Performance

NASDAQ:EDAP traded up $0.05 during midday trading on Thursday, hitting $2.51. The company’s stock had a trading volume of 48,984 shares, compared to its average volume of 37,879. The firm has a market cap of $93.09 million, a P/E ratio of -3.86 and a beta of 0.36. The firm’s 50 day moving average is $2.40 and its 200-day moving average is $2.65. Edap Tms has a fifty-two week low of $2.00 and a fifty-two week high of $8.50. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.18 and a quick ratio of 1.46.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Edap Tms in a research note on Tuesday. They issued a “hold” rating for the company.

Institutional Investors Weigh In On Edap Tms

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EDAP. BNP Paribas Financial Markets boosted its stake in shares of Edap Tms by 23.7% in the third quarter. BNP Paribas Financial Markets now owns 23,000 shares of the medical equipment provider’s stock worth $59,000 after buying an additional 4,400 shares during the last quarter. Parkman Healthcare Partners LLC acquired a new position in Edap Tms in the third quarter valued at approximately $395,000. Orion Capital Management LLC boosted its position in Edap Tms by 10.4% in the 3rd quarter. Orion Capital Management LLC now owns 69,800 shares of the medical equipment provider’s stock worth $178,000 after purchasing an additional 6,600 shares in the last quarter. Illumine Investment Management LLC acquired a new stake in shares of Edap Tms during the 4th quarter worth approximately $50,000. Finally, Rock Springs Capital Management LP increased its holdings in shares of Edap Tms by 1.5% during 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 purchasing an additional 23,800 shares in the last quarter. 62.74% of the stock is owned by institutional investors and hedge funds.

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.