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

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

Tivic Health Systems Trading Down 3.8 %

Shares of NASDAQ:TIVC opened at $2.81 on Friday. The company has a 50 day moving average of $5.18 and a 200-day moving average of $4.89. Tivic Health Systems has a one year low of $2.64 and a one year high of $31.45.

Tivic Health Systems (NASDAQ:TIVC) last released its earnings results on Friday, March 21st. The company reported ($19.68) EPS for the quarter, topping analysts’ consensus estimates 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 quarter last year, the firm posted ($176.80) earnings per share.

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.