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

Escalon Medical Corp. (OTCMKTS:ESMC) was the target of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 83,822 shares, a decrease of 51.0% from the May 14th total of 171,227 shares. Based on an average daily 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 Trading Up 1.4%

Shares of OTCMKTS:ESMC opened at $0.20 on Friday. The company’s 50-day moving average price is $0.19 and its two-hundred day moving average price is $0.18. Escalon Medical has a one year low of $0.10 and a one 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. The stock has a market capitalization of $1.47 million, a PE ratio of 1.80 and a beta of 0.14.

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

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.