Short Interest in Edap Tms S.A. (NASDAQ:EDAP) Grows By 61.6%

Edap Tms S.A. (NASDAQ:EDAPGet Free Report) saw a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 110,400 shares, a growth of 61.6% from the January 15th total of 68,300 shares. Based on an average trading volume of 172,100 shares, the short-interest ratio is currently 0.6 days.

Hedge Funds Weigh In On Edap Tms

Hedge funds have recently made changes to their positions in the business. Soleus Capital Management L.P. lifted its holdings in shares of Edap Tms by 5.0% during the fourth quarter. Soleus Capital Management L.P. now owns 5,134,430 shares of the medical equipment provider’s stock worth $54,733,000 after buying an additional 244,685 shares in the last quarter. Rock Springs Capital Management LP grew its holdings in shares of Edap Tms by 14.6% during the third quarter. Rock Springs Capital Management LP now owns 1,360,000 shares of the medical equipment provider’s stock worth $9,547,000 after purchasing an additional 173,700 shares during the last quarter. Driehaus Capital Management LLC grew its holdings in shares of Edap Tms by 4.8% during the second quarter. Driehaus Capital Management LLC now owns 798,918 shares of the medical equipment provider’s stock worth $7,366,000 after purchasing an additional 36,605 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Edap Tms by 1,285.2% during the first quarter. Envestnet Asset Management Inc. now owns 231,168 shares of the medical equipment provider’s stock worth $37,000 after purchasing an additional 214,480 shares during the last quarter. Finally, Millennium Management LLC grew its holdings in shares of Edap Tms by 135.2% during the fourth quarter. Millennium Management LLC now owns 188,261 shares of the medical equipment provider’s stock worth $2,007,000 after purchasing an additional 108,209 shares during the last quarter. 43.56% of the stock is owned by institutional investors.

Edap Tms Stock Down 1.6 %

EDAP opened at $6.17 on Tuesday. Edap Tms has a twelve month low of $3.60 and a twelve month high of $12.65. The firm’s 50-day simple moving average is $5.63 and its 200-day simple moving average is $6.41. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.50 and a current ratio of 3.09. The firm has a market cap of $227.79 million, a price-to-earnings ratio of -9.95 and a beta of 0.76.

Analyst Ratings Changes

Several analysts recently commented on the stock. StockNews.com upgraded shares of Edap Tms from a “sell” rating to a “hold” rating in a research note on Monday, November 13th. Piper Sandler cut their target price on shares of Edap Tms from $14.00 to $9.00 and set an “overweight” rating for the company in a research report on Friday, November 10th.

View Our Latest Analysis on EDAP

Edap Tms Company Profile

(Get Free Report)

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. It operates in three segments: High Intensity Focused Ultrasound (HIFU), Extracorporeal ShockWave Lithotripsy (ESWL), and Distribution Services (DIST).

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