Cantel Medical Corp. (NYSE:CMD) Sees Large Increase in Short Interest

Cantel Medical Corp. (NYSE:CMD) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totalling 2,955,800 shares, a growth of 7.0% from the May 30th total of 2,762,100 shares. Based on an average daily trading volume, of 286,500 shares, the days-to-cover ratio is presently 10.3 days. Approximately 7.9% of the company’s shares are sold short.

CMD stock opened at $79.03 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.33 and a quick ratio of 1.45. The stock has a market cap of $3.37 billion, a P/E ratio of 31.49 and a beta of 1.12. Cantel Medical has a 12-month low of $63.47 and a 12-month high of $99.68. The company has a fifty day moving average price of $76.30.

Cantel Medical (NYSE:CMD) last posted its quarterly earnings data on Tuesday, June 4th. The company reported $0.55 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.55. The firm had revenue of $228.55 million for the quarter, compared to the consensus estimate of $225.95 million. Cantel Medical had a return on equity of 15.52% and a net margin of 6.95%. Sell-side analysts expect that Cantel Medical will post 2.35 EPS for the current fiscal year.

The company also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, July 16th. Cantel Medical’s dividend payout ratio is presently 7.97%.

About Cantel Medical

Cantel Medical Corp. provides infection prevention and control products and services for the healthcare market. The company's Endoscopy segment offers automated endoscope reprocessing systems; infectants and sterilants; detergents; leak testing and manual cleaning products; storage cabinets, transport systems, and mobile medical carts; manual cleaning products; endoscope process tracking products; other consumables, accessories, and supplies for use in disinfect rigid endoscopes, flexible endoscopes, and other instrumentation; and technical maintenance services.

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