Escalon Medical Corp. (OTCMKTS:ESMC) Short Interest Up 1,700.0% in October

Escalon Medical Corp. (OTCMKTS:ESMC) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 1,800 shares, a growth of 1,700.0% from the September 30th total of 100 shares. Based on an average daily trading volume, of 23,700 shares, the days-to-cover ratio is currently 0.1 days.

Escalon Medical Stock Performance

OTCMKTS ESMC remained flat at $0.13 on Friday. The stock’s fifty day moving average price is $0.14 and its 200-day moving average price is $0.16. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.04 and a current ratio of 1.65. Escalon Medical has a 12 month low of $0.11 and a 12 month high of $0.30. The stock has a market capitalization of $964,600.00, a P/E ratio of -6.50 and a beta of -0.24.

Escalon Medical (OTCMKTS:ESMC) last posted its quarterly earnings data on Monday, September 30th. The medical equipment provider reported $0.02 earnings per share (EPS) for the quarter. Escalon Medical had a negative return on equity of 12.89% and a negative net margin of 1.25%. The firm had revenue of $3.47 million during the quarter.

Escalon Medical Company Profile

Escalon Medical Corp. engages in the development, manufacturing, marketing, and distribution of medical devices and pharmaceuticals in the area of ophthalmology in the United States and internationally. It offers A-Scan, which provides information about the internal structure of the eye; B-Scan, a diagnostic tool that supplies information to physicians where the media within the eye are cloudy or opaque; UBM, a high frequency/high resolution ultrasound device, which provides detailed information about the anterior segment of the eye; and Pachymeter that measures the thickness of cornea.