Monogram Orthopaedics, Inc. (NASDAQ:MGRM) Short Interest Update

Monogram Orthopaedics, Inc. (NASDAQ:MGRM) was the recipient of a significant drop in short interest in the month of September. As of September 30th, there was short interest totalling 506,500 shares, a drop of 26.5% from the September 15th total of 688,900 shares. Based on an average daily volume of 192,400 shares, the short-interest ratio is presently 2.6 days. Currently, 2.7% of the shares of the company are sold short.

Hedge Funds Weigh In On Monogram Orthopaedics

A hedge fund recently bought a new stake in Monogram Orthopaedics stock. Virtu Financial LLC bought a new stake in Monogram Orthopaedics, Inc. (NASDAQ:MGRM) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 13,069 shares of the company’s stock, valued at approximately $32,000. 0.45% of the stock is owned by hedge funds and other institutional investors.

Monogram Orthopaedics Stock Up 1.7 %

Shares of NASDAQ MGRM opened at $2.40 on Friday. The stock has a market capitalization of $76.01 million, a price-to-earnings ratio of -4.80 and a beta of 2.22. Monogram Orthopaedics has a 52 week low of $1.53 and a 52 week high of $4.90. The firm has a 50-day moving average price of $2.72 and a 200 day moving average price of $2.39.

Monogram Orthopaedics (NASDAQ:MGRM) last announced its quarterly earnings results on Thursday, August 15th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.02). During the same period last year, the firm earned ($0.27) earnings per share. Equities research analysts expect that Monogram Orthopaedics will post -0.45 EPS for the current fiscal year.

Monogram Orthopaedics Company Profile

Monogram Orthopaedics, Inc focuses on developing a product solution architecture to enable patient-optimized orthopaedic implants. The company intends to produce and market robotic surgical equipment and related software, orthopedic implants, tissue ablation tools, navigation consumables, and other miscellaneous instrumentation for use in reconstructive joint replacement procedures.