Escalon Medical Corp. (OTCMKTS:ESMC) Sees Large Growth in Short Interest

Escalon Medical Corp. (OTCMKTS:ESMC) was the recipient of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 3,300 shares, a growth of 3,200.0% from the March 31st total of 100 shares. Based on an average daily volume of 800 shares, the short-interest ratio is presently 4.1 days.

Escalon Medical Stock Performance

Shares of OTCMKTS ESMC remained flat at $0.24 during trading on Thursday. Escalon Medical has a twelve month low of $0.07 and a twelve month high of $0.39. The company has a quick ratio of 1.09, a current ratio of 1.64 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $1.78 million, a P/E ratio of 6.00 and a beta of -0.50. The company has a 50-day moving average price of $0.22 and a 200 day moving average price of $0.22.

Escalon Medical (OTCMKTS:ESMC) last posted its quarterly earnings results on Wednesday, February 14th. The medical equipment provider reported ($0.01) EPS for the quarter. Escalon Medical had a net margin of 3.85% and a return on equity of 39.40%. The company had revenue of $2.87 million for 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.