Escalon Medical Corp. (OTCMKTS:ESMC) Short Interest Down 51.0% in May

Escalon Medical Corp. (OTCMKTS:ESMC) was the recipient of a significant drop in short interest in May. As of May 29th, there was short interest totaling 83,822 shares, a drop of 51.0% from the May 14th total of 171,227 shares. Based on an average trading volume of 89,881 shares, the days-to-cover ratio is currently 0.9 days. Approximately 1.2% of the company’s stock are short sold.

Escalon Medical Price Performance

ESMC opened at $0.20 on Friday. The firm has a market cap of $1.47 million, a PE ratio of 1.80 and a beta of 0.14. The stock has a 50-day moving average price of $0.19 and a 200-day moving average price of $0.18. Escalon Medical has a 1 year low of $0.10 and a 1 year high of $0.42. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.59 and a quick ratio of 1.94.

Escalon Medical (OTCMKTS:ESMC) last released its quarterly earnings data on Friday, May 15th. The medical equipment provider reported $0.16 earnings per share for the quarter. The business had revenue of $2.61 million during the quarter. Escalon Medical had a net margin of 16.17% and a negative return on equity of 21.42%.

About Escalon Medical

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.