Tenon Medical, Inc. (NASDAQ:TNON – Get Free Report) was the target of a large growth in short interest in September. As of September 15th, there was short interest totalling 815,100 shares, a growth of 13,262.3% from the August 31st total of 6,100 shares. Based on an average daily trading volume, of 1,410,000 shares, the short-interest ratio is presently 0.6 days.
Analyst Upgrades and Downgrades
Separately, Benchmark reissued a “speculative buy” rating and set a $3.00 price objective on shares of Tenon Medical in a report on Wednesday, August 14th.
Check Out Our Latest Stock Analysis on Tenon Medical
Tenon Medical Stock Performance
Tenon Medical (NASDAQ:TNON – Get Free Report) last released its quarterly earnings results on Tuesday, August 13th. The company reported ($1.02) earnings per share for the quarter. The firm had revenue of $0.90 million during the quarter. Tenon Medical had a negative return on equity of 4,819.46% and a negative net margin of 411.27%.
Tenon Medical Company Profile
Tenon Medical, Inc, a medical device company, engages in the development of surgical implant systems to treat severe lower back pain in the United States and Puerto Rico. The company offers CATAMARAN SI-Joint Fusion System to fuse sacroiliac joints (SI-Joints) to treat SI-Joint dysfunction that often causes severe lower back pain; and features fixation device that passes through the axial and sagittal planes of the ilium and sacrum, as well as transfixes the SI joints.
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