Escalon Medical Corp. (OTCMKTS:ESMC) Sees Significant Increase in Short Interest

Escalon Medical Corp. (OTCMKTS:ESMC) was the target of a large growth in short interest in 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 presently 0.1 days.

Escalon Medical Stock Up 15.4 %

ESMC stock opened at $0.15 on Friday. Escalon Medical has a 1-year low of $0.11 and a 1-year high of $0.30. The company has a current ratio of 1.65, a quick ratio of 1.04 and a debt-to-equity ratio of 0.23. The business’s 50-day moving average price is $0.14 and its two-hundred day moving average price is $0.16.

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

About Escalon Medical

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.