Heart Test Laboratories, Inc. (NASDAQ:HSCS) Short Interest Up 343.2% in April

Heart Test Laboratories, Inc. (NASDAQ:HSCS) was the recipient of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 599,600 shares, an increase of 343.2% from the March 31st total of 135,300 shares. Based on an average trading volume of 1,920,000 shares, the days-to-cover ratio is currently 0.3 days. Approximately 1.1% of the company’s shares are sold short.

Heart Test Laboratories Stock Performance

Shares of NASDAQ:HSCS remained flat at $0.10 during trading on Friday. 1,665,925 shares of the stock were exchanged, compared to its average volume of 2,454,683. The business’s 50 day moving average is $0.12 and its two-hundred day moving average is $0.17. Heart Test Laboratories has a 12 month low of $0.09 and a 12 month high of $1.32.

Heart Test Laboratories (NASDAQ:HSCS) last released its quarterly earnings data on Thursday, March 14th. The company reported ($0.03) earnings per share for the quarter. The business had revenue of $0.02 million for the quarter.

Institutional Trading of Heart Test Laboratories

A hedge fund recently raised its stake in Heart Test Laboratories stock. Astoria Strategic Wealth Inc. increased its position in Heart Test Laboratories, Inc. (NASDAQ:HSCS) by 246.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 81,995 shares of the company’s stock after acquiring an additional 58,303 shares during the quarter. Astoria Strategic Wealth Inc. owned about 0.75% of Heart Test Laboratories worth $35,000 at the end of the most recent quarter. Institutional investors and hedge funds own 17.24% of the company’s stock.

About Heart Test Laboratories

Heart Test Laboratories, Inc, a medical technology company, provides cardiovascular diagnostic devices. The company offers MyoVista wavECG, a resting 12-lead electrocardiograph (ECG) to provide diagnostic information related to cardiac dysfunction, as well as conventional ECG information. It serves clinics, doctor's offices, urgent care centers, and hospitals.