Short Interest in QT Imaging Holdings, Inc. (NASDAQ:QTI) Decreases By 53.0%

QT Imaging Holdings, Inc. (NASDAQ:QTI) was the recipient of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 233,079 shares, a decrease of 53.0% from the May 14th total of 495,661 shares. Currently, 2.7% of the company’s stock are short sold. Based on an average daily volume of 54,372 shares, the days-to-cover ratio is presently 4.3 days.

Wall Street Analysts Forecast Growth

QTI has been the subject of several analyst reports. 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 report 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

QT Imaging Stock Performance

Shares of QTI stock traded up $0.05 during trading on Friday, hitting $4.04. The company’s stock had a trading volume of 48,165 shares, compared to its average volume of 73,948. The company has a market cap of $48.65 million, a PE ratio of -3.26 and a beta of -0.08. The company has a current ratio of 2.49, a quick ratio of 1.69 and a debt-to-equity ratio of 1.38. The business has a fifty day moving average of $5.89 and a 200-day moving average of $5.92. QT Imaging has a 52 week low of $0.75 and a 52 week high of $8.50.

QT Imaging (NASDAQ:QTI) last released 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). The business had revenue of $6.53 million during the quarter, compared to the consensus estimate of $6.45 million. QT Imaging had a negative net margin of 58.93% and a negative return on equity of 4,220.38%. As a group, research analysts anticipate that QT Imaging will post -0.59 earnings per share for the current year.

QT Imaging Company Profile

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.