Spectral Medical Inc. (OTCMKTS:EDTXF) Short Interest Up 7.2% in May

Spectral Medical Inc. (OTCMKTS:EDTXFGet Free Report) saw a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 77,100 shares, an increase of 7.2% from the May 15th total of 71,900 shares. Based on an average daily volume of 29,100 shares, the days-to-cover ratio is presently 2.6 days.

Spectral Medical Price Performance

Shares of Spectral Medical stock remained flat at $0.36 during trading hours on Tuesday. The company’s stock had a trading volume of 7,570 shares, compared to its average volume of 6,684. Spectral Medical has a one year low of $0.18 and a one year high of $0.50. The company has a market capitalization of $100.63 million, a price-to-earnings ratio of -7.20 and a beta of 0.89. The company’s 50-day moving average is $0.35 and its two-hundred day moving average is $0.36.

Spectral Medical (OTCMKTS:EDTXFGet Free Report) last issued its quarterly earnings results on Monday, May 13th. The company reported ($0.01) earnings per share for the quarter. The business had revenue of $0.50 million during the quarter.

Spectral Medical Company Profile

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Spectral Medical Inc focuses on the development and commercialization of products for the treatment of septic shock in the United States, Italy, Ireland, and internationally. 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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