Short Interest in Transenterix Inc (NYSE:TRXC) Rises By 4.1%
Transenterix Inc (NYSE:TRXC) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totalling 7,584,313 shares, a growth of 4.1% from the July 14th total of 7,286,423 shares. Based on an average daily trading volume, of 753,393 shares, the short-interest ratio is presently 10.1 days. Currently, 7.8% of the shares of the stock are short sold.
Shares of Transenterix (TRXC) traded down 0.1918% during trading on Friday, hitting $0.7286. 320,016 shares of the stock were exchanged. The firm has a 50 day moving average of $0.70 and a 200-day moving average of $0.89. Transenterix has a 52-week low of $0.45 and a 52-week high of $2.33. The stock’s market cap is $108.22 million.
TransEnterix, Inc is a medical device company. The Company is focused on the development and commercialization of ALF-X Surgical Robotic System (the ALF-X System), and SurgiBot System. The Company’s ALF-X System is a multi-port robotic surgery system, which allows multiple robotic arms to control instruments and a camera.
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