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

Spectral Medical Inc. (OTCMKTS:EDTXF) 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:EDTXF) 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

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.