Lifeward Ltd. (NASDAQ:LFWD) Sees Large Decrease in Short Interest

Lifeward Ltd. (NASDAQ:LFWD) was the recipient of a significant decrease in short interest in the month of February. As of February 27th, there was short interest totaling 228,488 shares, a decrease of 90.3% from the February 12th total of 2,351,929 shares. Based on an average daily trading volume, of 41,420 shares, the days-to-cover ratio is currently 5.5 days. Currently, 15.2% of the company’s shares are sold short. Currently, 15.2% of the company’s shares are sold short. Based on an average daily trading volume, of 41,420 shares, the days-to-cover ratio is currently 5.5 days.

Lifeward Trading Up 4.8%

Shares of Lifeward stock traded up $0.29 on Tuesday, hitting $6.35. 6,502 shares of the company traded hands, compared to its average volume of 27,447. The company has a market cap of $9.65 million, a PE ratio of -0.18 and a beta of 0.12. The stock’s 50 day moving average price is $6.98 and its 200-day moving average price is $7.43. Lifeward has a 52 week low of $4.14 and a 52 week high of $35.40.

Wall Street Analyst Weigh In

LFWD has been the subject of a number of recent analyst reports. HC Wainwright dropped their price objective on Lifeward from $156.00 to $54.00 and set a “buy” rating for the company in a report on Tuesday, November 18th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Lifeward in a research report on Thursday, January 22nd. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $51.00.

Institutional Investors Weigh In On Lifeward

Several hedge funds have recently made changes to their positions in the company. Citadel Advisors LLC grew its position in shares of Lifeward by 1,271.8% during the 3rd quarter. Citadel Advisors LLC now owns 214,006 shares of the company’s stock worth $152,000 after buying an additional 198,406 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of Lifeward by 77.3% in the fourth quarter. Jane Street Group LLC now owns 68,631 shares of the company’s stock valued at $40,000 after acquiring an additional 29,927 shares in the last quarter. Virtu Financial LLC lifted its stake in Lifeward by 158.0% in the fourth quarter. Virtu Financial LLC now owns 60,474 shares of the company’s stock worth $35,000 after acquiring an additional 37,037 shares during the period. Finally, HRT Financial LP grew its holdings in Lifeward by 149.7% during the 4th quarter. HRT Financial LP now owns 49,081 shares of the company’s stock worth $28,000 after acquiring an additional 29,423 shares in the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

About Lifeward

ReWalk Robotics Ltd., a medical device company, designs, develops, and commercializes technologies that enable mobility and wellness in rehabilitation and daily life for individuals with physical and neurological conditions in the United States, Europe, the Asia-Pacific, and internationally. It offers ReWalk personal exoskeleton and rehabilitation exoskeleton devices; ReStore, a soft exo-suit intended for use in the rehabilitation of individuals with lower limb disability due to stroke; AlterG Anti-Gravity System for use in physical and neurological rehabilitation and athletic training; MyoCycle devices; and ReBoot, a personal soft exo-suit for home and community use by individuals post-stroke.