Short Interest in Spectral Medical Inc. (OTCMKTS:EDTXF) Drops By 5.9%

Spectral Medical Inc. (OTCMKTS:EDTXFGet Free Report) saw a significant drop in short interest during the month of October. As of October 15th, there was short interest totalling 88,800 shares, a drop of 5.9% from the September 30th total of 94,400 shares. Based on an average daily volume of 26,200 shares, the days-to-cover ratio is presently 3.4 days.

Spectral Medical Stock Performance

Shares of EDTXF stock opened at $0.24 on Wednesday. The stock’s 50-day moving average is $0.26 and its two-hundred day moving average is $0.24. The firm has a market cap of $66.02 million, a price-to-earnings ratio of -7.90 and a beta of 0.73. Spectral Medical has a 1 year low of $0.17 and a 1 year high of $0.31.

Spectral Medical (OTCMKTS:EDTXFGet Free Report) last issued its quarterly earnings data on Thursday, August 10th. The company reported ($0.01) earnings per share (EPS) for the quarter. The business had revenue of $0.23 million during the quarter.

About Spectral Medical

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Spectral Medical Inc, together with its subsidiaries, focuses on the development and commercialization of products for the treatment of septic shock in North America. The company markets Endotoxin Activity Assay, a rapid in vitro diagnostic test for the detection of components of gram negative bacterial cell wall; and Polymyxin B Hemoperfusion, a therapeutic hemoperfusion device that removes endotoxin from the bloodstream.

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