Short Interest in Tivic Health Systems, Inc. (NASDAQ:TIVC) Drops By 35.7%

Tivic Health Systems, Inc. (NASDAQ:TIVC) saw a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 152,300 shares, a drop of 35.7% from the November 30th total of 236,700 shares. Based on an average daily volume of 6,750,000 shares, the days-to-cover ratio is presently 0.0 days. Currently, 1.9% of the shares of the company are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Tivic Health Systems stock. Warberg Asset Management LLC bought a new position in shares of Tivic Health Systems, Inc. (NASDAQ:TIVC) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 80,000 shares of the company’s stock, valued at approximately $31,000. Warberg Asset Management LLC owned 1.29% of Tivic Health Systems at the end of the most recent quarter. Hedge funds and other institutional investors own 4.25% of the company’s stock.

Tivic Health Systems Trading Down 14.2 %

Shares of Tivic Health Systems stock traded down $0.05 during trading on Friday, reaching $0.30. The company’s stock had a trading volume of 1,498,432 shares, compared to its average volume of 3,251,291. Tivic Health Systems has a one year low of $0.20 and a one year high of $2.24. The business’s fifty day moving average price is $0.28 and its 200-day moving average price 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.