Short Interest in QT Imaging Holdings, Inc. (NASDAQ:QTI) Expands By 73.4%
by Sarita Garza · The Markets DailyQT Imaging Holdings, Inc. (NASDAQ:QTI – Get Free Report) saw a large growth in short interest in May. As of May 15th, there was short interest totaling 495,661 shares, a growth of 73.4% from the April 30th total of 285,907 shares. Approximately 5.8% of the company’s shares are short sold. Based on an average trading volume of 100,466 shares, the days-to-cover ratio is presently 4.9 days.
QT Imaging Price Performance
Shares of NASDAQ QTI traded down $0.23 during midday trading on Tuesday, hitting $4.47. 34,098 shares of the company’s stock were exchanged, compared to its average volume of 80,404. QT Imaging has a 12-month low of $0.72 and a 12-month high of $8.50. The company has a current ratio of 2.49, a quick ratio of 1.69 and a debt-to-equity ratio of 1.38. The company has a market cap of $53.78 million, a price-to-earnings ratio of -3.92 and a beta of 0.01. The business’s fifty day moving average price is $6.32 and its two-hundred day moving average price is $6.06.
QT Imaging (NASDAQ:QTI – Get Free Report) last released its quarterly earnings data on Wednesday, May 13th. The company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.11). The company had revenue of $6.53 million for the quarter, compared to analysts’ expectations of $6.45 million. QT Imaging had a negative net margin of 58.93% and a negative return on equity of 4,220.38%. As a group, research analysts forecast that QT Imaging will post -0.59 EPS for the current fiscal year.
Analyst Ratings Changes
A number of equities analysts recently weighed in on the stock. Wall Street Zen raised shares of QT Imaging to a “hold” rating in a report on Saturday, May 16th. Zacks Research upgraded QT Imaging from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.
View Our Latest Research Report on QTI
About QT Imaging
QT Imaging Ltd. (NASDAQ: QTI) is a medical technology company specializing in the development and commercialization of advanced ultrasound imaging solutions. The company focuses on real-time volumetric imaging systems designed to enhance diagnostic capabilities in obstetrics, gynecology and other clinical applications. QT Imaging’s flagship Q.VIEW® system and associated software suite enable practitioners to capture, analyze and visualize high-resolution 3D/4D ultrasound images, offering improved workflow efficiency and enhanced patient care.
QT Imaging’s product portfolio includes proprietary transducers, imaging consoles and software platforms that can be integrated with existing ultrasound scanners from leading original equipment manufacturers.