Encision Inc. (OTCMKTS:ECIA) Sees Significant Drop in Short Interest

Encision Inc. (OTCMKTS:ECIA) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totaling 3,430 shares, a drop of 81.0% from the August 15th total of 18,020 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 8,547 shares, the days-to-cover ratio is presently 0.4 days.

Encision Stock Performance

Shares of OTCMKTS ECIA opened at $0.04 on Friday. Encision has a 1-year low of $0.00 and a 1-year high of $0.39. The company has a 50-day moving average of $0.06 and a two-hundred day moving average of $0.09. The company has a market cap of $685,328.00, a PE ratio of -1.35 and a beta of -7.58. The company has a current ratio of 1.74, a quick ratio of 0.69 and a debt-to-equity ratio of 0.10.

Encision Company Profile

Encision, Inc is a U.S.-based medical device company specializing in the development and commercialization of safety solutions for electrosurgery. Founded in the early 1990s, the company’s core mission is to reduce the risk of unintended thermal injuries during surgical procedures by controlling stray electrical current. Encision’s operations focus on research, design, and manufacturing of proprietary instruments and monitoring systems that integrate seamlessly with existing surgical equipment.

At the heart of Encision’s product offering is its Active Electrode Monitoring (AEM) platform.