Short Interest in QT Imaging Holdings, Inc. (NASDAQ:QTI) Expands By 73.4%

QT Imaging Holdings, Inc. (NASDAQ:QTI) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 495,661 shares, a growth of 73.4% from the April 30th total of 285,907 shares. Approximately 5.8% of the shares of the company are sold short. Based on an average daily volume of 100,466 shares, the short-interest ratio is currently 4.9 days.

QT Imaging Price Performance

QTI traded down $0.23 on Tuesday, hitting $4.47. 34,098 shares of the company’s stock traded hands, compared to its average volume of 80,404. The company’s 50 day simple moving average is $6.32 and its 200-day simple moving average is $6.06. The firm has a market cap of $53.78 million, a price-to-earnings ratio of -3.92 and a beta of 0.01. QT Imaging has a one year low of $0.72 and a one year high of $8.50. The company has a current ratio of 2.49, a quick ratio of 1.69 and a debt-to-equity ratio of 1.38.

QT Imaging (NASDAQ:QTI) last issued its earnings results on Wednesday, May 13th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.11). QT Imaging had a negative net margin of 58.93% and a negative return on equity of 4,220.38%. The business had revenue of $6.53 million for the quarter, compared to the consensus estimate of $6.45 million. As a group, research analysts anticipate that QT Imaging will post -0.59 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on QTI shares. Wall Street Zen raised QT Imaging to a “hold” rating in a research note on Saturday, May 16th. Zacks Research raised QT Imaging from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

About QT Imaging

QT Imaging Ltd. (NASDAQ: QTI) is a medical technology company specializing in the development and commercialization of advanced ultrasound imaging solutions. The company focuses on real-time volumetric imaging systems designed to enhance diagnostic capabilities in obstetrics, gynecology and other clinical applications. QT Imaging’s flagship Q.VIEW® system and associated software suite enable practitioners to capture, analyze and visualize high-resolution 3D/4D ultrasound images, offering improved workflow efficiency and enhanced patient care.

QT Imaging’s product portfolio includes proprietary transducers, imaging consoles and software platforms that can be integrated with existing ultrasound scanners from leading original equipment manufacturers.