Tivic Health Systems, Inc. (NASDAQ:TIVC) Short Interest Up 556.6% in December

Tivic Health Systems, Inc. (NASDAQ:TIVC) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 1,000,000 shares, an increase of 556.6% from the December 15th total of 152,300 shares. Approximately 12.1% of the company’s shares are short sold. Based on an average trading volume of 6,990,000 shares, the short-interest ratio is presently 0.1 days.

Tivic Health Systems Stock Performance

Tivic Health Systems stock traded down $0.03 during midday trading on Monday, hitting $0.28. 417,721 shares of the company were exchanged, compared to its average volume of 967,946. Tivic Health Systems has a fifty-two week low of $0.20 and a fifty-two week high of $2.24. The company’s fifty day moving average price is $0.28 and its 200-day moving average price is $0.32.

Institutional Trading of Tivic Health Systems

An institutional investor recently bought a new position in Tivic Health Systems stock. Warberg Asset Management LLC bought a new position in Tivic Health Systems, Inc. (NASDAQ:TIVC) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 80,000 shares of the company’s stock, valued at approximately $31,000. Warberg Asset Management LLC owned approximately 1.29% of Tivic Health Systems at the end of the most recent quarter. 4.25% of the stock is currently owned by hedge funds and other institutional investors.

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.