Tivic Health Systems, Inc. (NASDAQ:TIVC) Sees Significant Growth in Short Interest

Tivic Health Systems, Inc. (NASDAQ:TIVC) was the target of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 1,230,000 shares, an increase of 1,005.1% from the October 31st total of 111,300 shares. Based on an average trading volume of 5,380,000 shares, the days-to-cover ratio is currently 0.2 days. Approximately 20.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

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

Tivic Health Systems Trading Down 0.8 %

Shares of TIVC traded down $0.00 during midday trading on Wednesday, hitting $0.25. The stock had a trading volume of 74,832 shares, compared to its average volume of 3,095,546. Tivic Health Systems has a 1 year low of $0.22 and a 1 year high of $3.21. The stock’s 50 day moving average is $0.28 and its 200 day moving average is $0.35.

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.