Short Interest in Electromed, Inc. (NYSEAMERICAN:ELMD) Decreases By 5.9%

Electromed, Inc. (NYSEAMERICAN:ELMD) saw a significant drop in short interest during the month of July. As of July 31st, there was short interest totalling 1,600 shares, a drop of 5.9% from the June 30th total of 1,700 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 8,900 shares, the days-to-cover ratio is presently 0.2 days.

Separately, TheStreet cut Electromed from a “b-” rating to a “c+” rating in a research note on Tuesday, June 25th.

ELMD opened at $5.22 on Friday. Electromed has a 12 month low of $4.66 and a 12 month high of $7.33.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its holdings in shares of Electromed by 8.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 179,506 shares of the medical equipment provider’s stock valued at $914,000 after purchasing an additional 14,074 shares during the last quarter. Teton Advisors Inc. lifted its holdings in shares of Electromed by 28.6% in the 2nd quarter. Teton Advisors Inc. now owns 159,843 shares of the medical equipment provider’s stock valued at $871,000 after purchasing an additional 35,507 shares during the last quarter. Gabelli Funds LLC lifted its holdings in shares of Electromed by 11.3% in the 1st quarter. Gabelli Funds LLC now owns 106,062 shares of the medical equipment provider’s stock valued at $546,000 after purchasing an additional 10,795 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Electromed by 16.0% in the 2nd quarter. Renaissance Technologies LLC now owns 102,340 shares of the medical equipment provider’s stock valued at $558,000 after purchasing an additional 14,100 shares during the last quarter. Finally, White Pine Capital LLC lifted its holdings in shares of Electromed by 17.5% in the 1st quarter. White Pine Capital LLC now owns 90,765 shares of the medical equipment provider’s stock valued at $467,000 after purchasing an additional 13,500 shares during the last quarter.

Electromed Company Profile

Electromed, Inc develops, manufactures, markets, and sells airway clearance therapy and related products in the United States and internationally. The company offers SmartVest airway clearance system that consists of an inflatable therapy garment, a programmable air pulse generator, and a patented single-hose that delivers air pulses from the generator to the garment to patients with compromised pulmonary function; and SmartVest SQL System that provides advanced generator programmability and an enhanced pause feature with save, lock, and restore functionality.

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