Short Interest in ReWalk Robotics Ltd. (NASDAQ:LFWD) Increases By 21.3%

ReWalk Robotics Ltd. (NASDAQ:LFWD) was the target of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 324,600 shares, an increase of 21.3% from the January 15th total of 267,500 shares. Based on an average trading volume of 668,000 shares, the short-interest ratio is presently 0.5 days. Currently, 3.6% of the company’s shares are sold short.

Insider Activity at ReWalk Robotics

In related news, Director Michael Swinford bought 16,471 shares of ReWalk Robotics stock in a transaction on Wednesday, November 20th. The shares were purchased at an average price of $1.84 per share, for a total transaction of $30,306.64. Following the completion of the acquisition, the director now owns 26,511 shares in the company, valued at approximately $48,780.24. This represents a 164.05 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Global Fund Lp Lind II sold 381,676 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $3.36, for a total value of $1,282,431.36. Following the transaction, the insider now owns 1,049,430 shares in the company, valued at approximately $3,526,084.80. This trade represents a 26.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have bought a total of 61,000 shares of company stock worth $115,279 over the last 90 days. Insiders own 2.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on LFWD. HC Wainwright restated a “buy” rating and set a $13.00 target price on shares of ReWalk Robotics in a report on Wednesday, November 13th. Laidlaw started coverage on ReWalk Robotics in a research report on Monday, February 10th. They set a “buy” rating and a $10.00 price target on the stock.

ReWalk Robotics Stock Performance

ReWalk Robotics stock traded up $0.22 during midday trading on Friday, reaching $2.19. The stock had a trading volume of 708,676 shares, compared to its average volume of 294,354. The firm’s fifty day simple moving average is $1.72 and its 200-day simple moving average is $2.50. ReWalk Robotics has a 1-year low of $1.25 and a 1-year high of $7.70. The stock has a market capitalization of $19.25 million, a P/E ratio of -0.88 and a beta of 2.05.

ReWalk Robotics (NASDAQ:LFWD) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.35) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.08). The company had revenue of $6.13 million during the quarter, compared to the consensus estimate of $8.38 million. ReWalk Robotics had a negative net margin of 77.21% and a negative return on equity of 43.02%. During the same quarter in the prior year, the business earned ($0.56) earnings per share. On average, sell-side analysts anticipate that ReWalk Robotics will post -1.78 earnings per share for the current fiscal year.

About ReWalk Robotics

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.