electroCore, Inc. (NASDAQ:ECOR – Get Free Report) was the recipient of a significant decline in short interest in the month of July. As of July 31st, there was short interest totalling 15,400 shares, a decline of 12.0% from the July 15th total of 17,500 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 9,300 shares, the short-interest ratio is currently 1.7 days.
electroCore Price Performance
NASDAQ ECOR traded up $0.05 on Monday, hitting $6.15. The stock had a trading volume of 8,563 shares, compared to its average volume of 11,448. The business’s fifty day moving average price is $6.16 and its 200 day moving average price is $6.41. The stock has a market cap of $36.94 million, a price-to-earnings ratio of -2.16 and a beta of 0.55. electroCore has a 52-week low of $4.50 and a 52-week high of $8.08.
electroCore (NASDAQ:ECOR – Get Free Report) last announced its earnings results on Wednesday, August 7th. The company reported ($0.38) earnings per share for the quarter, topping the consensus estimate of ($0.39) by $0.01. electroCore had a negative return on equity of 219.33% and a negative net margin of 88.12%. The firm had revenue of $6.14 million for the quarter, compared to the consensus estimate of $5.85 million. During the same period in the previous year, the business earned ($1.03) EPS. As a group, sell-side analysts anticipate that electroCore will post -1.38 EPS for the current year.
Insider Activity at electroCore
Hedge Funds Weigh In On electroCore
Several hedge funds have recently modified their holdings of the stock. International Assets Investment Management LLC boosted its stake in electroCore by 49.8% in the 1st quarter. International Assets Investment Management LLC now owns 53,020 shares of the company’s stock worth $324,000 after purchasing an additional 17,620 shares in the last quarter. PFG Investments LLC purchased a new position in shares of electroCore in the first quarter worth $111,000. Finally, Renaissance Technologies LLC lifted its stake in shares of electroCore by 3.4% during the second quarter. Renaissance Technologies LLC now owns 68,786 shares of the company’s stock worth $442,000 after buying an additional 2,270 shares during the period. Institutional investors and hedge funds own 26.74% of the company’s stock.
About electroCore
electroCore, Inc, a commercial stage bioelectronic medicine and wellness company, provides non-invasive vagus nerve stimulation technology platform in the United States, the United Kingdom, and internationally. The company is developing gammaCore, a prescription only handheld device intended for regular or intermittent use for the acute treatment of pain associated with migraine and episodic cluster headache, as well as for the treatment of hemicrania continua and paroxysmal hemicrania.
Recommended Stories
- Five stocks we like better than electroCore
- Asset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours?
- Moderna Dips on Q2 Earnings But Can It Rip on a Short Squeeze?
- What is a Death Cross in Stocks?
- 2 Option Strategies to Maximize Profits in a Bear Market
- How to Use the MarketBeat Dividend Calculator
- Lululemon Stock Gears Up for a Massive Comeback Rally
Receive News & Ratings for electroCore Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for electroCore and related companies with MarketBeat.com's FREE daily email newsletter.