Movano Inc. (NASDAQ:MOVE) Short Interest Update

Movano Inc. (NASDAQ:MOVE) saw a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 28,400 shares, a decline of 33.6% from the December 15th total of 42,800 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average daily volume of 52,300 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of Movano

A hedge fund recently raised its stake in Movano stock. Geode Capital Management LLC increased its holdings in shares of Movano Inc. (NASDAQ:MOVE) by 22.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 766,716 shares of the technology company’s stock after buying an additional 139,420 shares during the period. Geode Capital Management LLC owned about 11.62% of Movano worth $275,000 at the end of the most recent quarter. 16.64% of the stock is owned by institutional investors.

Movano Stock Down 0.9 %

NASDAQ:MOVE opened at $5.79 on Tuesday. Movano has a 52 week low of $2.80 and a 52 week high of $11.82. The stock’s fifty day moving average is $5.09 and its two-hundred day moving average is $5.08. The stock has a market capitalization of $38.41 million, a price-to-earnings ratio of -1.13 and a beta of 0.53.

Movano Company Profile

Movano Inc engages in developing a platform to deliver healthcare solutions at the intersection of medical and consumer devices. The company is involved in the development of Evie Ring, which is a wearable designed specifically for women that combines health and wellness metrics comprises resting heart rate, heart rate variability (HRV), blood oxygen saturation (SpO2), respiration rate, skin temperature variability, period and ovulation tracking, and menstrual symptom tracking, as well as activity profile, including steps, active minutes and calories burned, sleep stages and duration, and mood tracking.