Tivic Health Systems, Inc. (NASDAQ:TIVC) Short Interest Down 18.8% in September

Tivic Health Systems, Inc. (NASDAQ:TIVC) was the target of a significant drop in short interest during the month of September. As of September 15th, there was short interest totalling 81,400 shares, a drop of 18.8% from the August 31st total of 100,200 shares. Based on an average daily trading volume, of 4,870,000 shares, the short-interest ratio is currently 0.0 days. Currently, 1.3% of the shares of the company are sold short.

Institutional Investors Weigh In On Tivic Health Systems

An institutional investor recently bought a new position in Tivic Health Systems stock. Warberg Asset Management LLC acquired a new stake in shares of Tivic Health Systems, Inc. (NASDAQ:TIVC) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 80,000 shares of the company’s stock, valued at approximately $31,000. Warberg Asset Management LLC owned about 1.29% of Tivic Health Systems as of its most recent filing with the SEC. 4.25% of the stock is currently owned by institutional investors and hedge funds.

Tivic Health Systems Stock Performance

NASDAQ:TIVC opened at $0.26 on Friday. Tivic Health Systems has a 12 month low of $0.23 and a 12 month high of $3.21. The firm has a fifty day simple moving average of $0.36 and a 200-day simple moving average of $0.62.

Tivic Health Systems (NASDAQ:TIVC) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.32) EPS for the quarter. The firm had revenue of $0.14 million for the quarter. Tivic Health Systems had a negative return on equity of 172.08% and a negative net margin of 606.47%.

Tivic Health Systems Company Profile

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.