Tivic Health Systems, Inc. (NASDAQ:TIVC) Short Interest Down 18.8% in September

Tivic Health Systems, Inc. (NASDAQ:TIVC) was the target of a large decrease in short interest in the month of September. As of September 15th, there was short interest totalling 81,400 shares, a decrease of 18.8% from the August 31st total of 100,200 shares. Based on an average daily volume of 4,870,000 shares, the days-to-cover ratio is presently 0.0 days. Currently, 1.3% of the company’s shares are sold short.

Tivic Health Systems Price Performance

Shares of NASDAQ:TIVC opened at $0.26 on Friday. Tivic Health Systems has a 12-month low of $0.23 and a 12-month high of $3.21. The business has a 50-day moving average price of $0.36 and a 200 day moving average price of $0.61.

Tivic Health Systems (NASDAQ:TIVC) last announced its earnings results on Wednesday, August 14th. The company reported ($0.32) earnings per share for the quarter. Tivic Health Systems had a negative return on equity of 172.08% and a negative net margin of 606.47%. The company had revenue of $0.14 million for the quarter.

Hedge Funds Weigh In On Tivic Health Systems

A hedge fund recently bought a new stake in Tivic Health Systems stock. Warberg Asset Management LLC purchased a new position in shares of Tivic Health Systems, Inc. (NASDAQ:TIVC) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 80,000 shares of the company’s stock, valued at approximately $31,000. Warberg Asset Management LLC owned 1.29% of Tivic Health Systems as of its most recent SEC filing. 4.25% of the stock is currently owned by hedge funds and other institutional investors.

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.