Short Interest in EDAP TMS S.A. (NASDAQ:EDAP) Grows By 141.3%

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 - ) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 164,600 shares, an increase of 141.3% from the August 15th total of 68,200 shares. Based on an average daily trading volume, of 90,500 shares, the days-to-cover ratio is currently 1.8 days. Currently, 0.4% of the company's shares are sold short. Currently, 0.4% of the company's shares are sold short. Based on an average daily trading volume, of 90,500 shares, the days-to-cover ratio is currently 1.8 days.

Institutional Investors Weigh In On EDAP TMS

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Cetera Investment Advisers raised its position in EDAP TMS by 33.9% during the 1st 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 in the last quarter. BNP Paribas Financial Markets raised its position in EDAP TMS by 111.5% during the 4th quarter. BNP Paribas Financial Markets now owns 48,650 shares of the medical equipment provider's stock valued at $108,000 after purchasing an additional 25,650 shares in the last quarter. Simplicity Wealth LLC bought a new stake in EDAP TMS during the 2nd quarter valued at $54,000. Millennium Management LLC raised its position in EDAP TMS by 218.5% during the 4th 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 in the last quarter. Finally, Jane Street Group LLC raised its position in EDAP TMS by 174.7% during the 4th 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 in the last quarter. 62.74% of the stock is owned by institutional investors.

EDAP TMS Stock Down 6.1%

NASDAQ EDAP traded down $0.16 on Friday, reaching $2.45. 52,447 shares of the stock traded hands, compared to its average volume of 175,244. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.05 and a current ratio of 1.51. The company has a fifty day moving average price of $1.69 and a 200-day moving average price of $1.84. The company has a market cap of $91.61 million, a price-to-earnings ratio of -4.02 and a beta of -0.21. EDAP TMS has a 12 month low of $1.21 and a 12 month high of $3.29.

About EDAP TMS

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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