Tenon Medical, Inc. (NASDAQ:TNONW) Sees Large Increase in Short Interest

Tenon Medical, Inc. (NASDAQ:TNONW) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 167,482 shares, an increase of 20,835.2% from the September 30th total of 800 shares. Based on an average daily trading volume, of 200,949 shares, the short-interest ratio is currently 0.8 days.

Tenon Medical Trading Down 13.2%

TNONW traded down $0.00 on Monday, reaching $0.00. The company had a trading volume of 41,502 shares, compared to its average volume of 160,152. The business has a 50 day simple moving average of $0.01 and a 200 day simple moving average of $0.01. Tenon Medical has a 52-week low of $0.00 and a 52-week high of $0.04.

Tenon Medical Company Profile

Tenon Medical, Inc is a medical device company focused on developing and commercializing solutions for disorders involving the sacroiliac (SI) joint, which connects the lower spine to the pelvis. The company’s technology is designed to support minimally invasive procedures intended to stabilize and fuse the SI joint in patients with sacroiliac joint dysfunction.

Tenon’s principal product is the Catamaran SIJ Fusion System, an implant and instrument system designed for a transfixing approach to SI joint fusion.