Short Interest in Tivic Health Systems, Inc. (NASDAQ:TIVC) Declines By 33.3%

Tivic Health Systems, Inc. (NASDAQ:TIVC) was the recipient of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 21,600 shares, a decrease of 33.3% from the February 28th total of 32,400 shares. Currently, 3.5% of the shares of the company are sold short. Based on an average daily volume of 672,200 shares, the days-to-cover ratio is presently 0.0 days.

Tivic Health Systems Price Performance

Shares of Tivic Health Systems stock opened at $2.81 on Friday. The firm has a fifty day moving average price of $5.18 and a two-hundred day moving average price of $4.89. Tivic Health Systems has a fifty-two week low of $2.64 and a fifty-two week high of $31.45.

Tivic Health Systems (NASDAQ:TIVC) last released its earnings results on Friday, March 21st. The company reported ($19.68) earnings per share for the quarter, beating 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 in the previous year, the firm earned ($176.80) earnings per share.

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.