Short Interest in Escalon Medical Corp. (OTCMKTS:ESMC) Increases By 3,200.0%

Escalon Medical Corp. (OTCMKTS:ESMC) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 3,300 shares, an increase of 3,200.0% from the March 31st total of 100 shares. Based on an average daily trading volume, of 800 shares, the short-interest ratio is presently 4.1 days.

Escalon Medical Price Performance

Shares of Escalon Medical stock opened at $0.24 on Friday. The firm’s 50 day moving average price is $0.22 and its 200-day moving average price is $0.22. The company has a quick ratio of 1.09, a current ratio of 1.64 and a debt-to-equity ratio of 0.24. Escalon Medical has a 52-week low of $0.07 and a 52-week high of $0.39. The company has a market cap of $1.78 million, a P/E ratio of 6.00 and a beta of -0.50.

Escalon Medical (OTCMKTS:ESMC) last issued its quarterly earnings data on Wednesday, February 14th. The medical equipment provider reported ($0.01) earnings per share (EPS) for the quarter. The firm had revenue of $2.87 million during the quarter. Escalon Medical had a return on equity of 39.40% and a net margin of 3.85%.

Escalon Medical Company Profile

Escalon Medical Corp. engages in the development, manufacturing, marketing, and distribution of medical devices and pharmaceuticals in the area of ophthalmology in the United States and internationally. It offers A-Scan, which provides information about the internal structure of the eye; B-Scan, a diagnostic tool that supplies information to physicians where the media within the eye are cloudy or opaque; UBM, a high frequency/high resolution ultrasound device, which provides detailed information about the anterior segment of the eye; and Pachymeter that measures the thickness of cornea.