Tenon Medical, Inc. (NASDAQ:TNON) Short Interest Update

Tenon Medical, Inc. (NASDAQ:TNON) was the target of a large drop in short interest in November. As of November 30th, there was short interest totalling 104,600 shares, a drop of 22.7% from the November 15th total of 135,400 shares. Based on an average daily volume of 2,560,000 shares, the days-to-cover ratio is currently 0.0 days. Approximately 3.3% of the company’s stock are sold short.

Tenon Medical Trading Down 4.4 %

Shares of Tenon Medical stock traded down $0.09 during trading hours on Friday, hitting $1.96. The company had a trading volume of 203,236 shares, compared to its average volume of 135,449. The company’s 50-day moving average is $3.05 and its two-hundred day moving average is $2.07. Tenon Medical has a twelve month low of $1.86 and a twelve month high of $17.19.

Wall Street Analyst Weigh In

Separately, Maxim Group decreased their price target on Tenon Medical from $22.00 to $8.00 and set a “buy” rating for the company in a report on Friday, November 15th.

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.