Fonar Co. (NASDAQ:FONR) Short Interest Update
Fonar Co. (NASDAQ:FONR) saw a significant decrease in short interest in July. As of July 31st, there was short interest totalling 34,900 shares, a decrease of 45.0% from the June 30th total of 63,500 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average daily volume of 62,000 shares, the days-to-cover ratio is presently 0.6 days.
NASDAQ:FONR remained flat at $$23.43 during midday trading on Wednesday. The company had a trading volume of 12,722 shares, compared to its average volume of 37,672. Fonar has a 52 week low of $18.85 and a 52 week high of $27.25. The company has a market capitalization of $147.69 million, a PE ratio of 7.88 and a beta of 0.84. The business has a 50 day moving average of $22.63.
Fonar (NASDAQ:FONR) last announced its quarterly earnings data on Monday, May 13th. The medical equipment provider reported $0.56 earnings per share (EPS) for the quarter. Fonar had a return on equity of 17.82% and a net margin of 22.50%. The company had revenue of $22.78 million for the quarter.
FONAR Corporation, together with its subsidiaries, operates as a magnetic resonance imaging (MRI) company primarily in the Unites States. It is involved in the research, development, production, and marketing of medical scanning equipment, which uses principles of MRI for the detection and diagnosis of human diseases, abnormalities, other medical conditions, and injuries.
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