Short Interest in Encision Inc. (OTCMKTS:ECIA) Declines By 81.0%

by · The Cerbat Gem

Encision Inc. (OTCMKTS:ECIA – Get Free Report) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totaling 3,430 shares, a drop of 81.0% from the August 15th total of 18,020 shares. Based on an average daily trading volume, of 8,547 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the company’s stock are sold short.

Encision Stock Performance

Shares of OTCMKTS:ECIA remained flat at $0.04 during mid-day trading on Friday. Encision has a 1 year low of $0.00 and a 1 year high of $0.39. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.69 and a current ratio of 1.74. The company’s 50 day moving average price is $0.06 and its 200 day moving average price is $0.09. The company has a market cap of $685,328.00, a PE ratio of -1.35 and a beta of -7.58.

Encision Company Profile

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Encision, Inc is a U.S.-based medical device company specializing in the development and commercialization of safety solutions for electrosurgery. Founded in the early 1990s, the company’s core mission is to reduce the risk of unintended thermal injuries during surgical procedures by controlling stray electrical current. Encision’s operations focus on research, design, and manufacturing of proprietary instruments and monitoring systems that integrate seamlessly with existing surgical equipment.

At the heart of Encision’s product offering is its Active Electrode Monitoring (AEM) platform.

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