Tivic Health Systems, Inc. (NASDAQ:TIVC) Short Interest Up 39.8% in March

Tivic Health Systems, Inc. (NASDAQ:TIVC) was the target of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 30,200 shares, an increase of 39.8% from the March 15th total of 21,600 shares. Based on an average daily volume of 1,180,000 shares, the days-to-cover ratio is currently 0.0 days. Currently, 4.9% of the shares of the stock are sold short.

Tivic Health Systems Price Performance

TIVC stock opened at $3.50 on Friday. The firm has a 50 day simple moving average of $5.05 and a two-hundred day simple moving average of $4.81. Tivic Health Systems has a one year low of $2.43 and a one year high of $31.45.

Tivic Health Systems (NASDAQ:TIVC) last announced its earnings results on Friday, March 21st. The company reported ($19.68) earnings per share (EPS) for the quarter, topping the consensus estimate of ($85.00) by $65.32. Tivic Health Systems had a negative net margin of 670.95% and a negative return on equity of 201.30%. During the same period last year, the firm earned ($176.80) earnings per share.

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.