Short Interest in Tivic Health Systems, Inc. (NASDAQ:TIVC) Increases By 39.8%

Tivic Health Systems, Inc. (NASDAQ:TIVC) was the recipient of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 30,200 shares, a growth of 39.8% from the March 15th total of 21,600 shares. Approximately 4.9% of the shares of the company are short sold. Based on an average daily volume of 1,180,000 shares, the days-to-cover ratio is currently 0.0 days.

Tivic Health Systems Trading Down 4.9 %

TIVC opened at $3.50 on Friday. The firm has a 50-day moving average price of $5.05 and a 200-day moving average price of $4.81. Tivic Health Systems has a twelve month low of $2.43 and a twelve month high of $31.45.

Tivic Health Systems (NASDAQ:TIVC) last issued its earnings results on Friday, March 21st. The company reported ($19.68) earnings per share (EPS) for the quarter, beating 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 in the previous year, the business posted ($176.80) EPS.

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.