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Short Interest in ElectroCore, Inc. (NASDAQ:ECOR) Increases By 105.5%

kopsource ·  10/01 10:13

electroCore, Inc. (NASDAQ:ECOR – Get Rating) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 729,400 shares, a growth of 105.5% from the August 31st total of 354,900 shares. Based on an average daily trading volume, of 178,200 shares, the short-interest ratio is currently 4.1 days.

electroCore Trading Down 3.4 %

Shares of ECOR stock traded down $0.01 on Friday, hitting $0.41. The stock had a trading volume of 126,012 shares, compared to its average volume of 889,767. electroCore has a twelve month low of $0.27 and a twelve month high of $1.14. The firm has a market cap of $28.88 million, a P/E ratio of -1.40 and a beta of 0.91. The company has a fifty day moving average price of $0.54 and a two-hundred day moving average price of $0.52.

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electroCore (NASDAQ:ECOR – Get Rating) last announced its earnings results on Thursday, August 4th. The company reported ($0.08) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.08). The firm had revenue of $2.16 million during the quarter. electroCore had a negative net margin of 282.37% and a negative return on equity of 58.09%. On average, analysts expect that electroCore will post -0.3 earnings per share for the current year.

Hedge Funds Weigh In On electroCore

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Virtu Financial LLC acquired a new position in electroCore in the 1st quarter worth $53,000. Millennium Management LLC boosted its stake in shares of electroCore by 173.3% during the 2nd quarter. Millennium Management LLC now owns 119,707 shares of the company's stock worth $61,000 after buying an additional 75,908 shares during the last quarter. Jaffetilchin Investment Partners LLC boosted its stake in shares of electroCore by 31.6% during the 1st quarter. Jaffetilchin Investment Partners LLC now owns 307,984 shares of the company's stock worth $82,000 after buying an additional 74,000 shares during the last quarter. Tobias Financial Advisors Inc. acquired a new position in shares of electroCore during the 1st quarter worth about $90,000. Finally, Renaissance Technologies LLC boosted its stake in shares of electroCore by 102.2% during the 2nd quarter. Renaissance Technologies LLC now owns 262,848 shares of the company's stock worth $134,000 after buying an additional 132,848 shares during the last quarter. 17.98% of the stock is owned by institutional investors and hedge funds.

About electroCore

(Get Rating)

electroCore, Inc, a commercial stage medical device company, engages in the development and commercialization of a range of non-invasive vagus nerve stimulation (nVNS) therapies. The company is developing gammaCore, a prescription-only nVNS therapy for the acute treatment of pain associated with migraine and episodic cluster headache in adults.

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