Tivic Health Systems, Inc. (NASDAQ:TIVC) Short Interest Down 35.7% in December

Tivic Health Systems, Inc. (NASDAQ:TIVC) saw a large drop in short interest during the month of December. As of December 15th, there was short interest totalling 152,300 shares, a drop of 35.7% from the November 30th total of 236,700 shares. Based on an average daily trading volume, of 6,750,000 shares, the days-to-cover ratio is currently 0.0 days. Currently, 1.9% of the shares of the company are sold short.

Tivic Health Systems Price Performance

Shares of NASDAQ:TIVC traded down $0.05 during trading on Friday, reaching $0.30. 1,498,432 shares of the company’s stock traded hands, compared to its average volume of 3,251,291. The company has a 50 day moving average of $0.28 and a 200-day moving average of $0.32. Tivic Health Systems has a 12 month low of $0.20 and a 12 month high of $2.24.

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 stake in Tivic Health Systems, Inc. (NASDAQ:TIVC) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 80,000 shares of the company’s stock, valued at approximately $31,000. Warberg Asset Management LLC owned about 1.29% of Tivic Health Systems as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 4.25% of the company’s stock.

About Tivic Health Systems

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.