Dynatronics Co. (NASDAQ:DYNT) Short Interest Update

Dynatronics Co. (NASDAQ:DYNT – Get Rating) was the target of a significant increase in short interest during the month of December. As of December 30th, there was short interest totalling 178,700 shares, an increase of 11.6% from the December 15th total of 160,100 shares. Currently, 1.4% of the shares of the stock are sold short. Based on an average daily volume of 29,800 shares, the short-interest ratio is currently 6.0 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Dynatronics in a research note on Tuesday. They set a “hold” rating for the company.

Dynatronics Stock Up 2.8 %

DYNT stock opened at $0.42 on Tuesday. Dynatronics has a 52-week low of $0.30 and a 52-week high of $0.91. The company’s 50 day simple moving average is $0.44 and its 200-day simple moving average is $0.52. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.90 and a quick ratio of 0.73. The firm has a market capitalization of $8.00 million, a P/E ratio of -1.32 and a beta of 0.26.

Dynatronics (NASDAQ:DYNT – Get Rating) last released its quarterly earnings results on Thursday, November 10th. The medical equipment provider reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.02. Dynatronics had a negative net margin of 11.30% and a negative return on equity of 33.81%. The business had revenue of $12.05 million for the quarter, compared to analyst estimates of $11.81 million. As a group, equities research analysts anticipate that Dynatronics will post -0.12 EPS for the current year.

About Dynatronics

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Dynatronics Corporation, a medical device company, designs, manufactures, and sells physical therapy, rehabilitation, orthopedics, pain management, and athletic training products in the United States. The company offers orthopedic soft bracing products include cervical collars, shoulder immobilizers, arm slings, wrist and elbow supports, abdominal and lumbosacral supports, maternity supports, knee immobilizers and supports, ankle walkers and supports, plantar fasciitis splints, and cold therapy products; and therapeutic modality devices comprising electrotherapy, ultrasound, phototherapy, traction, hot and cold therapy, and electrodes.