Movano Inc. (NASDAQ:MOVE) Short Interest Up 45.0% in January

Movano Inc. (NASDAQ:MOVE) was the recipient of a large growth in short interest in January. As of January 31st, there was short interest totalling 44,800 shares, a growth of 45.0% from the January 15th total of 30,900 shares. Based on an average daily volume of 37,300 shares, the short-interest ratio is currently 1.2 days. Approximately 0.8% of the shares of the stock are short sold.

Movano Stock Down 0.2 %

MOVE stock traded down $0.01 during midday trading on Friday, reaching $5.13. 1,639 shares of the company’s stock traded hands, compared to its average volume of 7,419. The company has a 50-day simple moving average of $5.55 and a two-hundred day simple moving average of $5.06. Movano has a 1-year low of $2.80 and a 1-year high of $11.25. The company has a market cap of $34.01 million, a price-to-earnings ratio of -1.00 and a beta of 0.53.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of MOVE. Y Intercept Hong Kong Ltd bought a new position in Movano in the 3rd quarter valued at $55,000. Geode Capital Management LLC boosted its position in shares of Movano by 22.2% in the 3rd quarter. Geode Capital Management LLC now owns 766,716 shares of the technology company’s stock worth $275,000 after purchasing an additional 139,420 shares during the last quarter. Finally, Clayton Partners LLC bought a new position in shares of Movano in the 4th quarter worth $609,000. 16.64% of the stock is currently owned by institutional investors.

Movano Company Profile

Movano Inc engages in developing a platform to deliver healthcare solutions at the intersection of medical and consumer devices. The company is involved in the development of Evie Ring, which is a wearable designed specifically for women that combines health and wellness metrics comprises resting heart rate, heart rate variability (HRV), blood oxygen saturation (SpO2), respiration rate, skin temperature variability, period and ovulation tracking, and menstrual symptom tracking, as well as activity profile, including steps, active minutes and calories burned, sleep stages and duration, and mood tracking.