Movano Inc. (NASDAQ:MOVE – Get Free Report) saw a significant decline in short interest in March. As of March 15th, there was short interest totalling 20,000 shares, a decline of 61.2% from the February 28th total of 51,600 shares. Based on an average trading volume of 16,600 shares, the short-interest ratio is currently 1.2 days. Approximately 0.4% of the company’s stock are sold short.
Movano Stock Performance
Shares of NASDAQ MOVE opened at $2.03 on Thursday. The stock has a market cap of $13.47 million, a price-to-earnings ratio of -0.40 and a beta of 0.54. Movano has a fifty-two week low of $1.92 and a fifty-two week high of $8.85. The firm’s 50-day simple moving average is $4.29 and its 200 day simple moving average is $4.76.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. Clayton Partners LLC purchased a new stake in Movano in the 4th quarter valued at $609,000. Geode Capital Management LLC grew its stake in shares of Movano by 22.2% in the 3rd quarter. Geode Capital Management LLC now owns 766,716 shares of the technology company’s stock worth $275,000 after acquiring an additional 139,420 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Movano in the third quarter valued at about $55,000. Institutional investors own 16.64% of the company’s stock.
About Movano
Movano Inc engages in developing a platform to deliver healthcare solutions at the intersection of medical and consumer devices. The company is involved in the development of Evie Ring, which is a wearable designed specifically for women that combines health and wellness metrics comprises resting heart rate, heart rate variability (HRV), blood oxygen saturation (SpO2), respiration rate, skin temperature variability, period and ovulation tracking, and menstrual symptom tracking, as well as activity profile, including steps, active minutes and calories burned, sleep stages and duration, and mood tracking.
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