Electromed, Inc. (NYSEAMERICAN:ELMD) saw a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 55,554 shares, a decrease of 53.0% from the October 31st total of 118,109 shares. Currently, 0.8% of the company’s shares are short sold. Based on an average trading volume of 63,941 shares, the days-to-cover ratio is currently 0.9 days.

Shares of Electromed (NYSEAMERICAN:ELMD) traded down $0.06 during mid-day trading on Monday, hitting $5.74. The stock had a trading volume of 24,604 shares, compared to its average volume of 41,403. Electromed has a one year low of $3.60 and a one year high of $7.96.

Electromed (NYSEAMERICAN:ELMD) last posted its earnings results on Tuesday, November 7th. The medical equipment provider reported $0.01 earnings per share (EPS) for the quarter. Electromed had a return on equity of 20.48% and a net margin of 13.01%. The business had revenue of $6.38 million during the quarter.

In other news, major shareholder Red Oak Partners, Llc sold 184,336 shares of the company’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $7.53, for a total value of $1,388,050.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders sold 493,724 shares of company stock valued at $3,713,010.

A number of hedge funds and other institutional investors have recently bought and sold shares of ELMD. Essex Investment Management Co. LLC bought a new stake in Electromed during the 2nd quarter worth approximately $166,000. Globeflex Capital L P increased its stake in Electromed by 64.7% during the 2nd quarter. Globeflex Capital L P now owns 31,475 shares of the medical equipment provider’s stock worth $174,000 after purchasing an additional 12,368 shares in the last quarter. Algert Global LLC increased its stake in Electromed by 7.2% during the 2nd quarter. Algert Global LLC now owns 58,460 shares of the medical equipment provider’s stock worth $323,000 after purchasing an additional 3,925 shares in the last quarter. Spark Investment Management LLC increased its stake in Electromed by 6.3% during the 2nd quarter. Spark Investment Management LLC now owns 65,176 shares of the medical equipment provider’s stock worth $360,000 after purchasing an additional 3,860 shares in the last quarter. Finally, EAM Investors LLC bought a new stake in Electromed during the 3rd quarter worth approximately $475,000.

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About Electromed

Electromed, Inc develops, manufactures and markets airway clearance products, which apply High Frequency Chest Wall Oscillation (HFCWO) therapy in pulmonary care for patients of all ages. The Company’s products include the SmartVest Airway Clearance System (SmartVest System), the SmartVest SQL System and others.

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