EDAP TMS S.A. (NASDAQ:EDAP) Short Interest Update

Key Points

• Short interest in EDAP TMS S.A. saw a dramatic increase of 141.3% in August, reaching a total of 164,600 shares sold short.
• Institutional investors control 62.74% of EDAP TMS stock, with notable increases in positions from firms like Cetera Investment Advisers and Millennium Management LLC.
• EDAP TMS shares declined by 6.1% to $2.45, continuing a trend as the stock grapples with an average daily trading volume of 90,500 shares.

EDAP TMS S.A. (NASDAQ:EDAP - Get Free Report) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 164,600 shares, a growth of 141.3% from the August 15th total of 68,200 shares. Approximately 0.4% of the company's stock are short sold. Based on an average daily volume of 90,500 shares, the short-interest ratio is currently 1.8 days. Based on an average daily volume of 90,500 shares, the short-interest ratio is currently 1.8 days. Approximately 0.4% of the company's stock are short sold.

Institutional Trading of EDAP TMS

A number of hedge funds have recently made changes to their positions in EDAP. Banque Transatlantique SA raised its stake in shares of EDAP TMS by 7,063.7% during 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 period. Scoggin Management LP purchased a new stake in shares of EDAP TMS during the first quarter valued at approximately $686,000. Sage Mountain Advisors LLC purchased a new stake in shares of EDAP TMS during the second quarter valued at approximately $165,000. Jane Street Group LLC raised its stake in shares of EDAP TMS by 174.7% during the fourth quarter. Jane Street Group LLC now owns 31,361 shares of the medical equipment provider's stock valued at $69,000 after purchasing an additional 73,361 shares during the period. Finally, Millennium Management LLC raised its stake in shares of EDAP TMS by 218.5% during the fourth quarter. Millennium Management LLC now owns 48,915 shares of the medical equipment provider's stock valued at $108,000 after purchasing an additional 33,558 shares during the period. Hedge funds and other institutional investors own 62.74% of the company's stock.

EDAP TMS Stock Down 2.5%

Shares of EDAP traded down $0.06 during mid-day trading on Thursday, reaching $2.34. 39,089 shares of the stock traded hands, compared to its average volume of 166,620. The firm has a market cap of $87.49 million, a price-to-earnings ratio of -3.84 and a beta of -0.21. The stock has a fifty day simple moving average of $1.75 and a 200 day simple moving average of $1.83. EDAP TMS has a 12-month low of $1.21 and a 12-month high of $3.18. The company has a quick ratio of 1.05, a current ratio of 1.51 and a debt-to-equity ratio of 0.04.

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.