Short Interest in Tivic Health Systems, Inc. (NASDAQ:TIVC) Rises By 29.4%

Tivic Health Systems, Inc. (NASDAQ:TIVC) saw a significant increase in short interest in April. As of April 15th, there was short interest totalling 60,700 shares, an increase of 29.4% from the March 31st total of 46,900 shares. Currently, 4.2% of the company’s stock are sold short. Based on an average daily volume of 115,300 shares, the days-to-cover ratio is presently 0.5 days.

Tivic Health Systems Stock Performance

TIVC traded down $0.01 on Tuesday, hitting $1.04. The company had a trading volume of 18,324 shares, compared to its average volume of 99,583. The stock has a market capitalization of $1.53 million, a price-to-earnings ratio of -0.02 and a beta of 2.88. The stock has a fifty day moving average price of $1.23 and a 200-day moving average price of $1.47. Tivic Health Systems has a 12-month low of $0.98 and a 12-month high of $23.79.

About Tivic Health Systems

Tivic Health Systems Inc operates as a health tech company, focuses on developing and commercializing bioelectronic medicine. Its primary product is ClearUP, a bioelectronic medicine for the treatment of sinus and nasal inflammation. 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.