Edap Tms S.A. (NASDAQ:EDAP) Sees Large Decrease in Short Interest

Edap Tms S.A. (NASDAQ:EDAP) was the target of a large decrease in short interest in the month of 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 presently 0.4 days.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on EDAP. StockNews.com upgraded Edap Tms from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. HC Wainwright reiterated a “buy” rating and set a $19.00 price target on shares of Edap Tms in a report on Thursday, August 29th.

Hedge Funds Weigh In On Edap Tms

Hedge funds and other institutional investors have recently bought and sold shares of the company. Redhawk Wealth Advisors Inc. purchased a new position in Edap Tms during the 3rd quarter valued at about $36,000. BNP Paribas Financial Markets boosted its holdings in Edap Tms by 23.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 23,000 shares of the medical equipment provider’s stock valued at $59,000 after acquiring an additional 4,400 shares during the period. Orion Capital Management LLC boosted its holdings in Edap Tms by 10.4% during the 3rd quarter. Orion Capital Management LLC now owns 69,800 shares of the medical equipment provider’s stock valued at $178,000 after acquiring an additional 6,600 shares during the period. Commonwealth Equity Services LLC boosted its holdings 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 valued at $388,000 after acquiring an additional 4,000 shares during the period. Finally, Parkman Healthcare Partners LLC purchased a new position in Edap Tms during the 3rd quarter valued at about $395,000. 62.74% of the stock is currently owned by hedge funds and other institutional investors.

Edap Tms Stock Performance

Shares of Edap Tms stock opened at $2.46 on Wednesday. The business has a 50-day moving average of $2.55 and a 200 day moving average of $3.69. Edap Tms has a 12 month low of $2.14 and a 12 month high of $8.50. The stock has a market capitalization of $91.28 million, a price-to-earnings ratio of -3.78 and a beta of 0.33. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.18 and a quick ratio of 1.46.

Edap Tms Company Profile

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.