Tivic Health Systems, Inc. (NASDAQ:TIVC) Short Interest Update

Tivic Health Systems, Inc. (NASDAQ:TIVC) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totalling 2,400,000 shares, a growth of 17,677.8% from the July 15th total of 13,500 shares. Based on an average daily trading volume, of 5,370,000 shares, the days-to-cover ratio is presently 0.4 days. Approximately 39.0% of the shares of the company are sold short.

Tivic Health Systems Stock Performance

NASDAQ:TIVC opened at $0.33 on Wednesday. The stock’s 50 day moving average price is $0.40 and its 200 day moving average price is $0.83. Tivic Health Systems has a 52-week low of $0.28 and a 52-week high of $11.46.

Tivic Health Systems (NASDAQ:TIVC) last posted its quarterly earnings data on Wednesday, May 15th. The company reported ($1.01) earnings per share for the quarter. Tivic Health Systems had a negative return on equity of 207.63% and a negative net margin of 670.99%. The company had revenue of $0.33 million for the quarter.

Institutional Trading of Tivic Health Systems

A hedge fund recently bought a new stake in Tivic Health Systems stock. Warberg Asset Management LLC purchased a new stake in Tivic Health Systems, Inc. (NASDAQ:TIVC) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 80,000 shares of the company’s stock, valued at approximately $31,000. Warberg Asset Management LLC owned 1.29% of Tivic Health Systems at the end of the most recent reporting period. Institutional investors and hedge funds own 4.25% of the company’s stock.

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.