Short Interest in KORU Medical Systems, Inc. (NASDAQ:KRMD) Expands By 7.7%

KORU Medical Systems, Inc. (NASDAQ:KRMD – Get Rating) was the recipient of a large growth in short interest in April. As of April 30th, there was short interest totalling 140,800 shares, a growth of 7.7% from the April 15th total of 130,700 shares. Based on an average trading volume of 41,700 shares, the days-to-cover ratio is presently 3.4 days. Currently, 0.4% of the company’s stock are short sold.

KORU Medical Systems Price Performance

Shares of NASDAQ:KRMD opened at $3.96 on Tuesday. The company’s fifty day moving average price is $4.00 and its 200 day moving average price is $3.64. KORU Medical Systems has a 12 month low of $1.82 and a 12 month high of $4.48. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.57 and a quick ratio of 4.11. The firm has a market capitalization of $180.63 million, a P/E ratio of -20.84 and a beta of 0.40.

KORU Medical Systems (NASDAQ:KRMD – Get Rating) last announced its quarterly earnings results on Wednesday, March 8th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.01. KORU Medical Systems had a negative net margin of 29.39% and a negative return on equity of 26.19%. The firm had revenue of $7.35 million for the quarter, compared to analyst estimates of $7.46 million. As a group, sell-side analysts predict that KORU Medical Systems will post -0.18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of KRMD. Advisor Group Holdings Inc. acquired a new position in shares of KORU Medical Systems during the first quarter worth about $64,000. First Light Asset Management LLC increased its stake in shares of KORU Medical Systems by 10.6% during the first quarter. First Light Asset Management LLC now owns 6,099,820 shares of the company’s stock worth $17,445,000 after acquiring an additional 585,714 shares during the period. Charles Schwab Investment Management Inc. acquired a new position in shares of KORU Medical Systems during the first quarter worth about $62,000. Meros Investment Management LP increased its stake in shares of KORU Medical Systems by 7.7% during the first quarter. Meros Investment Management LP now owns 294,286 shares of the company’s stock worth $841,000 after acquiring an additional 21,157 shares during the period. Finally, State Street Corp increased its stake in shares of KORU Medical Systems by 9.2% during the first quarter. State Street Corp now owns 114,690 shares of the company’s stock worth $328,000 after acquiring an additional 9,638 shares during the period. 36.08% of the stock is currently owned by institutional investors and hedge funds.

KORU Medical Systems Company Profile

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KORU Medical Systems, Inc engages in the design, manufacture, and market of proprietary medical devices. Its product portfolio includes FREEDOM60, FreedomEdge syringe drivers, Precision Flow Rate Tubing, and HIgH-Flo Subcutaneous Safety Needle Sets. The company was founded by Andrew I. Sealfon and Adrian W.