Tivic Health Systems, Inc. (NASDAQ:TIVC) Short Interest Up 556.6% in December

Tivic Health Systems, Inc. (NASDAQ:TIVC) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 1,000,000 shares, an increase of 556.6% from the December 15th total of 152,300 shares. Currently, 12.1% of the shares of the stock are short sold. Based on an average trading volume of 6,990,000 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On Tivic Health Systems

An institutional investor recently bought a new position in Tivic Health Systems stock. Warberg Asset Management LLC acquired a new stake in shares of Tivic Health Systems, Inc. (NASDAQ:TIVC) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 80,000 shares of the company’s stock, valued at approximately $31,000. Warberg Asset Management LLC owned about 1.29% of Tivic Health Systems at the end of the most recent reporting period. 4.25% of the stock is owned by institutional investors and hedge funds.

Tivic Health Systems Stock Down 10.0 %

Tivic Health Systems stock traded down $0.03 during trading hours on Monday, hitting $0.28. The stock had a trading volume of 417,721 shares, compared to its average volume of 967,946. Tivic Health Systems has a 1-year low of $0.20 and a 1-year high of $2.24. The stock’s fifty day moving average is $0.28 and its two-hundred day moving average is $0.32.

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.