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

Edap Tms S.A. (NASDAQ:EDAP) was the target of a significant decrease in short interest in November. As of November 30th, there was short interest totalling 42,100 shares, a decrease of 8.3% from the November 15th total of 45,900 shares. Based on an average daily volume of 103,600 shares, the days-to-cover ratio is currently 0.4 days.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. StockNews.com raised shares of Edap Tms from a “sell” rating to a “hold” rating in a research note on Thursday, December 5th. HC Wainwright reiterated a “buy” rating and issued a $19.00 price objective on shares of Edap Tms in a research note on Thursday, August 29th.

Institutional Trading of Edap Tms

A number of institutional investors have recently bought and sold shares of EDAP. Orion Capital Management LLC lifted its stake in Edap Tms by 10.4% during the third 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 during the last quarter. Parkman Healthcare Partners LLC acquired a new position in shares of Edap Tms in the 3rd quarter valued at $395,000. BNP Paribas Financial Markets boosted its holdings in shares of Edap Tms by 23.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 23,000 shares of the medical equipment provider’s stock valued at $59,000 after buying an additional 4,400 shares in the last quarter. Redhawk Wealth Advisors Inc. purchased a new position in shares of Edap Tms in the 3rd quarter valued at $36,000. Finally, Commonwealth Equity Services LLC raised its stake in Edap Tms by 5.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 71,260 shares of the medical equipment provider’s stock worth $388,000 after acquiring an additional 4,000 shares in the last quarter. 62.74% of the stock is owned by hedge funds and other institutional investors.

Edap Tms Stock Performance

Shares of EDAP opened at $2.20 on Monday. Edap Tms has a 1 year low of $2.14 and a 1 year high of $8.50. The stock has a market capitalization of $81.62 million, a PE ratio of -3.38 and a beta of 0.33. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.46 and a current ratio of 2.18. The stock has a 50-day simple moving average of $2.56 and a 200-day simple moving average of $3.71.

About Edap Tms

EDAP TMS SA, together with its subsidiaries, develops, produces, markets, distributes, and maintains a portfolio of minimally invasive medical devices for the treatment of urological diseases in Asia, France, the United States, and internationally. The company operates through High Intensity Focused Ultrasound (HIFU), Extracorporeal ShockWave Lithotripsy (ESWL), and Distribution Services (DIST) segments.