Short Interest in Edap Tms S.A. (NASDAQ:EDAP) Drops By 7.3%

Edap Tms S.A. (NASDAQ:EDAP - Get Free Report) saw a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 104,100 shares, a drop of 7.3% from the March 15th total of 112,300 shares. Based on an average daily volume of 41,200 shares, the short-interest ratio is currently 2.5 days.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on EDAP shares. HC Wainwright raised their price target on shares of Edap Tms from $16.00 to $19.00 and gave the stock a "buy" rating in a research report on Monday, April 1st. StockNews.com upgraded shares of Edap Tms from a "sell" rating to a "hold" rating in a research report on Thursday, April 11th.

Hedge Funds Weigh In On Edap Tms

A number of hedge funds and other institutional investors have recently made changes to their positions in EDAP. Soleus Capital Management L.P. lifted its holdings in shares of Edap Tms by 5.0% during the 4th quarter. Soleus Capital Management L.P. now owns 5,134,430 shares of the medical equipment provider's stock worth $54,733,000 after acquiring an additional 244,685 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Edap Tms by 1,285.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 231,168 shares of the medical equipment provider's stock valued at $37,000 after purchasing an additional 214,480 shares during the last quarter. Rock Springs Capital Management LP lifted its holdings in Edap Tms by 14.6% during the 3rd quarter. Rock Springs Capital Management LP now owns 1,360,000 shares of the medical equipment provider's stock valued at $9,547,000 after purchasing an additional 173,700 shares during the last quarter. Millennium Management LLC lifted its holdings in Edap Tms by 135.2% during the 4th quarter. Millennium Management LLC now owns 188,261 shares of the medical equipment provider's stock valued at $2,007,000 after purchasing an additional 108,209 shares during the last quarter. Finally, Jefferies Financial Group Inc. bought a new position in Edap Tms during the 4th quarter valued at about $831,000. 62.74% of the stock is owned by institutional investors.

Edap Tms Price Performance

Shares of NASDAQ:EDAP traded down $0.13 during midday trading on Tuesday, reaching $7.30. 24,266 shares of the company's stock were exchanged, compared to its average volume of 39,963. The company's 50 day simple moving average is $7.05 and its two-hundred day simple moving average is $6.25. The firm has a market capitalization of $270.83 million, a PE ratio of -11.60 and a beta of 0.74. Edap Tms has a 12 month low of $3.60 and a 12 month high of $12.23. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.30 and a current ratio of 2.84.

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.