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

Key Points

• Edap Tms S.A. experienced a significant decrease in short interest, dropping by 42.9% in September to a total of 31,100 shares.
• The stock's current price is $2.36, with a market capitalization of approximately $88.25 million and a consensus target price of $8.50.
• Institutional investors hold about 62.74% of Edap Tms’s shares, with notable purchases including a 7,063.7% increase in ownership by Banque Transatlantique SA.

Edap Tms S.A. (NASDAQ:EDAP - Get Free Report) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 31,100 shares, a decline of 42.9% from the September 15th total of 54,500 shares. Based on an average daily trading volume, of 92,100 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 92,100 shares, the short-interest ratio is presently 0.3 days.

Edap Tms Stock Performance

Edap Tms stock traded down $0.01 during trading on Tuesday, hitting $2.36. The stock had a trading volume of 21,383 shares, compared to its average volume of 86,217. Edap Tms has a 1 year low of $1.21 and a 1 year high of $3.08. The company has a quick ratio of 1.05, a current ratio of 1.51 and a debt-to-equity ratio of 0.04. The stock's 50 day moving average is $2.16 and its two-hundred day moving average is $1.84. The stock has a market cap of $88.25 million, a price-to-earnings ratio of -3.87 and a beta of -0.15.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a "sell (e+)" rating on shares of Edap Tms in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Edap Tms presently has a consensus rating of "Hold" and a consensus target price of $8.50.

Hedge Funds Weigh In On Edap Tms

Several institutional investors have recently bought and sold shares of EDAP. Simplicity Wealth LLC purchased a new position in Edap Tms in the second quarter valued at approximately $54,000. Cetera Investment Advisers lifted its stake in Edap Tms by 33.9% in the first quarter. Cetera Investment Advisers now owns 75,000 shares of the medical equipment provider's stock valued at $147,000 after purchasing an additional 19,000 shares during the last quarter. Sage Mountain Advisors LLC purchased a new position in Edap Tms in the second quarter valued at approximately $165,000. Scoggin Management LP purchased a new position in Edap Tms in the first quarter valued at approximately $686,000. Finally, Banque Transatlantique SA lifted its stake in Edap Tms by 7,063.7% in the first quarter. Banque Transatlantique SA now owns 730,699 shares of the medical equipment provider's stock valued at $1,324,000 after purchasing an additional 720,499 shares during the last quarter. Hedge funds and other institutional investors own 62.74% of the company's stock.

Edap Tms Company Profile

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.

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