Tivic Health Systems, Inc. (NASDAQ:TIVC – Get Free Report) was the target of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 26,900 shares, an increase of 511.4% from the February 29th total of 4,400 shares. Based on an average daily trading volume, of 128,600 shares, the short-interest ratio is currently 0.2 days. Approximately 1.9% of the company’s shares are short sold.
Tivic Health Systems Stock Performance
Shares of NASDAQ:TIVC traded up $0.02 during trading on Thursday, reaching $1.21. The stock had a trading volume of 2,797 shares, compared to its average volume of 124,299. The business has a fifty day moving average price of $1.28 and a 200-day moving average price of $1.60. Tivic Health Systems has a fifty-two week low of $1.00 and a fifty-two week high of $23.79.
Hedge Funds Weigh In On Tivic Health Systems
A hedge fund recently bought a new stake in Tivic Health Systems stock. Renaissance Technologies LLC purchased a new position in shares of Tivic Health Systems, Inc. (NASDAQ:TIVC – Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 122,234 shares of the company’s stock, valued at approximately $197,000. Renaissance Technologies LLC owned about 1.27% of Tivic Health Systems as of its most recent filing with the Securities and Exchange Commission (SEC). 4.25% of the stock is currently owned by hedge funds and other institutional investors.
About Tivic Health Systems
Tivic Health Systems Inc operates as a health technology company, focuses on developing and commercializing non-invasive bioelectronic medicine. Its primary product is ClearUP, a bioelectronic medicine for the treatment of sinus and nasal congestion pains. The company sells its products on direct-to-consumer channel through its own websites; and platforms, such as Amazon.com and Walmart.com, as well as to U.S.
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