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

Edap Tms S.A. (NASDAQ:EDAP) saw a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 104,100 shares, a decrease of 7.3% from the March 15th total of 112,300 shares. Based on an average trading volume of 41,200 shares, the days-to-cover ratio is presently 2.5 days.

Edap Tms Stock Down 1.7 %

EDAP traded down $0.13 on Tuesday, hitting $7.30. The company had a trading volume of 24,266 shares, compared to its average volume of 39,963. The stock has a market capitalization of $270.83 million, a price-to-earnings ratio of -11.60 and a beta of 0.74. The stock has a fifty day moving average price of $7.05 and a 200-day moving average price of $6.25. 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.

Wall Street Analyst Weigh In

A number of research analysts have commented on EDAP shares. StockNews.com raised shares of Edap Tms from a “sell” rating to a “hold” rating in a research report on Thursday, April 11th. HC Wainwright lifted their price objective on shares of Edap Tms from $16.00 to $19.00 and gave the company a “buy” rating in a report on Monday, April 1st.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Rock Springs Capital Management LP increased its position 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 buying an additional 173,700 shares in the last quarter. Milestone Investment Advisors LLC acquired a new position in shares of Edap Tms during the third quarter valued at about $39,000. Summit Trail Advisors LLC purchased a new position in shares of Edap Tms in the 3rd quarter valued at approximately $77,000. Royal Bank of Canada boosted its stake in Edap Tms by 22.5% in the 2nd quarter. Royal Bank of Canada now owns 18,375 shares of the medical equipment provider’s stock worth $169,000 after purchasing an additional 3,375 shares in the last quarter. Finally, BlackRock Inc. grew its position in Edap Tms by 113.9% during the 2nd quarter. BlackRock Inc. now owns 28,936 shares of the medical equipment provider’s stock worth $267,000 after purchasing an additional 15,409 shares during the last quarter. Institutional investors own 62.74% of the company’s stock.

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.