Movano Inc. (NASDAQ:MOVE) Short Interest Down 33.6% in January

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Movano stock. Y Intercept Hong Kong Ltd purchased a new position in shares of Movano Inc. (NASDAQ:MOVE) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 152,029 shares of the technology company’s stock, valued at approximately $55,000. Y Intercept Hong Kong Ltd owned approximately 2.30% of Movano as of its most recent SEC filing. Hedge funds and other institutional investors own 16.64% of the company’s stock.

Movano Stock Performance

Shares of NASDAQ:MOVE opened at $5.16 on Wednesday. Movano has a 52 week low of $2.80 and a 52 week high of $11.25. The company’s fifty day moving average is $5.42 and its 200-day moving average is $5.13. The company has a market capitalization of $34.18 million, a PE ratio of -1.01 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.